Non-farm payroll data came in far stronger than expected, and the labor market remains resilient—this has indeed sharply warmed up rate-hike expectations. However, the Fed will most likely still choose to hold steady in September.
The rationale is straightforward: while non-farm data is strong, the final key that determines whether the “knife is actually taken out” is the forthcoming CPI release. With interest rates already at a high level to restrain the economy, the Fed has no need to rush to restart rate hikes based on just one employment indicator. As long as core CPI inflation does not trigger an out-of-control rebound, officials are more inclined to keep observing and maintain policy flexibility.
For the market, as long as CPI meets expectations or cools modestly, standing pat is the biggest “shoe drop.” Long-term funds won’t place big bets before the trend becomes clear; waiting and volatility are the main tone right now.
#比特币CPI后反弹站上79000美元
#CPI数据来袭能否触发9月加息
$BTC $BNB $COIN
The rationale is straightforward: while non-farm data is strong, the final key that determines whether the “knife is actually taken out” is the forthcoming CPI release. With interest rates already at a high level to restrain the economy, the Fed has no need to rush to restart rate hikes based on just one employment indicator. As long as core CPI inflation does not trigger an out-of-control rebound, officials are more inclined to keep observing and maintain policy flexibility.
For the market, as long as CPI meets expectations or cools modestly, standing pat is the biggest “shoe drop.” Long-term funds won’t place big bets before the trend becomes clear; waiting and volatility are the main tone right now.
#比特币CPI后反弹站上79000美元
#CPI数据来袭能否触发9月加息
$BTC $BNB $COIN
