The American preliminary revision revision revealed a downward adjustment of 911,000 jobs for the period of one year ending in March 2025, the most important.
The news suggests that the labor market was much lower than what previously suggested monthly monthly non -agricultural payroll reports. These very close reports are responsible for dozens of billions of capital allowance decisions, not to mention playing a major factor in the monetary policy of the Federal Reserve.
If these figures had been available before, it is very likely that the Fed would have reduced rates throughout 2025. For the moment, the American central bank should be massively supposed to reduce rates for the first time this year at its meeting next week. This news could drop a rate of 50 base points on the table as opposed to forecasts 25.
Crypto, gold, obligations are heading above the news? Not so much
The traders of assets sensitive to rates such as crypto, gold and long -standing obligations have filed another entry into the long history of “buying the rumor, selling the news”.
In the minutes before the report, Gold Futures exceeded $ 3,700 for the first time, while Spot Gold put a new one of all time over $ 3,670. Just after the data, however, Gold Futures made his morning earnings, now flat for the day at $ 3,679.
Bitcoin As for him, quickly withdrew from the level of $ 113,000 to $ 111,600 at the time of the press, down 1% in the last 24 hours.
And the yields of the American treasury at 10 years old, threatening to descend below 4% for the first time since February, reached 4.07%.
