The job situation in the United States continued to ride strongly in March, adding another room to the puzzle when the federal reserve is considering the short-term interest rate route in a world that has changed significantly during the last 48 hours.
The non -agricultural payroll increased by 228,000 last month, the Bureau of Labor Statistics reported on Friday morning. Economists expected a gain of only 135,000 after an increase of 117,000 February jobs (revised from 151,000 originally).
The unemployment rate for March, however, increased by 4.2% against an economist consensus of 4.1% and 4.1% of February.
The Bitcoin price (BTC) was little changed in the minutes following the report at $ 82,600.
Before the report on jobs, the CME Fedwatch tool – which assesses market expectations for the federal reserve policy – had assessed in four rate drops for 2025, which would lead to the rate of federal funds to a target range of 3.25% to 3.50%. While the Fed should always have stable rates at its May meeting, market players are betting more and more on a reduction in June, the current chances showing a probability of 60%.
All this comes, of course, when Trump’s price announcements on Wednesday evening threw markets into a historic Tizzy. The Nasdaq plunged 6% Thursday and the S&P 500 just under 5%. The hopes for a kind of Friday rebound was destroyed a few hours ago when China announced reprisal prices. Before the employment data, the term contracts on the NASDAQ and S&P point to the opening of the drops of approximately 3.5%.
Bitcoin added to the list of safety shelters?
There is no surprise, gold is one of the assets where investors have hidden. Although it is a little down since the price announcement, it remains very close to its record summit of about $ 3,200 per ounce. There is also no surprise, the obligations of the US Treasury have experienced a strong offer, the yield on the 10 -year release to 3.89% just before the job news this morning, now lower by almost 100 base points from the inauguration of Trump.
Bitcoin Bulls may have been disappointed with the behavior of cryptography in recent weeks, the apparently moving price to check with the Nasdaq in difficulty. The signs of a decoupling can however emerge. Bitcoin managed to maintain the level of $ 80,000 even though the Nasdaq dropped throughout the day. Before this morning figures, the BTC was almost flat in the $ 82,000 area, even if the term contracts highlighted a continuation of the Nasdaq diving.
The next step is that March inflation data will be reported next week, the CPI at the same time and at the head of the ICC aimed at around 3%.
