No rate cuts expected this year!


Last night's non-farm payroll data once again "exceeded expectations"
- U.S. non-farm employment added 178k jobs in March, far surpassing the expected 60k
- Unemployment rate slightly decreased to 4.3%
This is too obvious of a setup; a deviation of "three times" can only mean obvious manipulation. But lately, everyone's focus has been on the Strait of Hormuz, so this is directly "not pretending anymore."
This data shatters market illusions, and the expectation of rate cuts this year has been "completely wiped out," with even the rate cut expectations for 2027 being downgraded.
The already bleak outlook has worsened.
The current overall situation is:
- Employment: okay (not supporting rate cuts)
- Oil prices: at risk of losing control (further supporting no rate cuts)
- Inflation expectations: starting to become unstable
This means the U.S. stock market will likely be tough next week. BTC's minimal change last night was because traders are waiting for Monday's open.
Expect huge volatility next Monday.
BTC0.5%
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