Heavy! U.S. nonfarm employment plummeted by 818,000 in March.

A 15-year revised record!

The market expects the Federal Reserve to accelerate interest rate cuts.

Powell's speech at annual meeting attracts attention

The U.S. Bureau of Labor Statistics surprisingly announced that non-farm employment in March 2024 was significantly revised down by 818,000, the largest adjustment in 15 years, indicating a significant cooling of the labor market. The market expects that the Federal Reserve will accelerate the pace of interest rate cuts as a result, and Powell's speech at the annual meeting on Friday may become a market benchmark. Risk assets such as Bitcoin have risen in price, boosted by expectations of interest rate cuts.