Strong non-farm payroll data propels Goldman Sachs and Barclays to project Federal Reserve rate cuts to be delayed until at least July, according to sources.
This shift affects macroeconomic expectations and digital asset markets, influencing liquidity and risk asset evaluations.
Stronger-than-expected non-farm payroll data led Goldman Sachs and Barclays to revise their interest rate cut forecasts, expecting delays until July. The new prediction comes after reports highlighted robust employment figures released on Friday.
Postponed interest rate cuts by the Federal Reserve can directly influence traditional and digital asset markets. A stronger U.S. dollar typically pressures risk assets like Bitcoin and Ethereum, potentially increasing capital costs and investor caution.
"The delay in expected rate cuts aligns with stronger economic indicators, underscoring the Federal Reserve's data-driven approach to policy adjustments."
Did you know? The employment data’s impact on interest rate delays reflects patterns seen in 2022, where hawkish tones triggered considerable volatility in Bitcoin and Ethereum due to investor risk-off strategies.
Bitcoin (BTC) trades at $96,316.69, with a market cap of $1.91 trillion, accounting for 63.83% dominance, as per CoinMarketCap data. The 24-hour volume is $18.30 billion, showing a decrease by 36.06%, while BTC's price dropped 1.42% over the last day but saw a 7-day gain of 2.13%.
The Coincu research team suggests that delayed rate cuts may reduce liquidity inflows into high-risk assets temporarily, leading investors to prefer stablecoins or yield-bearing products. Historical data suggests such trends consistently impact macro-financial dynamics in parallel with regulatory strategies.
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