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Warning of explosion! US Non-farm Payrolls (NFP) adjusted down by 800,000, the Fed's interest rate cut is imminent! Countdown to Bitcoin reaching 100,000 USD has begun?
According to the latest report from ChainCatcher, three giants – Wells Fargo, LendingClub, and Pantheon Macroeconomics – unanimously warn that the US Non-farm Payrolls (NFP) data for March may be significantly revised down by 800,000!
Nomura, Bank of America, and Royal Bank of Canada are more pessimistic - the downward adjustment may approach 1 million!
What does this mean?
The US labor market has completely been exposed!
Last year's so-called "strong employment" was all a bubble; the undercurrents of economic recession have long been surging!
The Fed's interest rate cut expectations are suddenly full!
A significant downward revision of data is equivalent to directly slapping the Fed in the face, as the confidence for last year's interest rate hikes has vanished!
The market is now betting wildly: the probability of interest rate cuts in September and October has soared to over 90%!
The liquidity gate is about to restart, global flooding countdown! #PI #BTC #ETH #GateioInto11