In the United States, the job situation continued to show sweetness last month, probably sealing the agreement for a rate reduction at the next meeting of the Federal Reserve in mid-September.
The non -agitated payroll increased by 22,000 in August, according to a report by the Bureau of Labor Statistics published on Friday morning. It was shy forecasts for economists for 75,000 and 79,000 July (revised from a 73,000 originally). In addition to the revision of the increase in 6,000 July jobs, The June issue was revised down 27,000 for an 11,000 negatives in what would have been the first negative monthly print since the codvised locks of 2020.
The unemployment rate increased to 4.3%, in accordance with forecasts and up compared to 4.2% in July.
The average hourly profits increased by 0.3% for the month and 3.7% in annual shift, the two correspondence forecasts.
Financial markets reacted immediately, with Bitcoin Adding $ 500 to $ 112,800 in the minutes that followed the report. The “IT” assets of the moment, Gold pulled more than 1% to a new record of $ 3,644 per ounce.
The term contracts on the American stock market index have added modestly to the previous gains, the dollar is weakening and the yield of the treasure at 10 years fell from six base points to 4.11%.
50 base points cut on the table
Although the increase modestly overnight in the hours ahead of the report on the jobs, Bitcoin had undergone considerable pressure since it reached a record greater than $ 124,000 in mid-August, falling up to $ 107,400 earlier this week. Even the president of the Fed, Jerome Powell, turning from Hawk to Dove during his speech by Jackson Hole on August 22 did not manage to ignite something other than a day rally.
The fact of not entering the debate in recent weeks has been the idea that the Fed could reduce the rates of 50 base points instead of the supposed 25 years. Sweet numbers this morning, however, can encourage this discussion to start. All other things being equal, easier monetary policy is supposed to be good for risk assets, among bitcoins. If the idea of a basic point of 50 points this month fails to relaunch animal spirits in crypto, the bulls may have to reconsider their position.
