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PenderFund Capital Management Chief Investment Officer Greg Taylor said,September the nonfarm payrolls report has essentially ruled out the Federal Reserve October possibility of raising interest rates again; he believes that December interest-rate hike expectations have already been fully priced in by the market.
Interest-rate swap contracts linked to Federal Reserve meeting dates show that market pricing for one full rate hike this year has cooled.
United States September The nonfarm payrolls report will be released at October 2 20: 30 Beijing time, with the market expecting an increase in employment of 90000 jobs and the unemployment rate to remain at 4.1%As of Thursday, the market-implied probability of a Federal Reserve October rate hike has fallen to approximately 28%。
BEA The annual benchmark revisions showed that August core PCE year-over-year growth fell to 3%, below market and Federal Reserve expectations. Bank of Montreal analysts said that the economy is expanding and employment remains robust, but the urgency of another rate hike has declined.
After the release of U.S. economic data, short-term interest rate futures rose, and traders increased their bets on a Fed rate hike.
Wintermute stated in its report that BTC closed above its 50-week moving average for the first time on a weekly basis, and 82500 USD is a key level to watch this week; oil-price movements may affect October rate-hike expectations and the degree of pressure on risk assets.