The newly released employment data proves that the labor market is weak, further raising expectations for a rate cut
Lin Chen, the head of Deribit's Asia-Pacific business, posted on social media that the newly released employment data proves a weak labor market, raising further expectations for interest rate cuts. This is macroscopically beneficial to risk assets and has immediately boosted BTC prices. New employment and inflation data will be released in the coming weeks, and there may be more positive news in June.
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.
You may also like
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Crypto prices
More
