Tonight, ahead of the release of the US Non-Farm Payrolls and Unemployment Rate, the probability of a 25 basis point rate cut in March is 21.7%.
BlockBeats News, February 11th, according to CME's "FedWatch" data, the probability of a 25 basis point rate cut by the Fed in March is 21.7% tonight before the release of the US non-farm payrolls and unemployment rate data, while the probability of maintaining the interest rate unchanged is 78.3%.
The US Bureau of Labor Statistics will release the US January seasonally adjusted non-farm payroll data and US January unemployment rate data tonight at 21:30 (UTC+8), with the US January seasonally adjusted non-farm payroll (in thousands) expected to be 7 and the US January unemployment rate expected to be 4.40%.
Ahead of the upcoming key employment and inflation data in the US, investors are becoming cautious, leading to a decline in Bitcoin and other cryptocurrencies. Analysts indicate that the market is currently in a consolidation phase, awaiting clearer guidance on interest rate trends. Meanwhile, demand is rising for downside protection in cryptocurrencies related stocks (such as an exchange and MicroStrategy).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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