#美联储降息 【Non-Farm Payrolls Data Released, Federal Reserve's Rate Cut Expectations Slightly Adjusted for Next Year】

After the release of the non-farm payrolls data, market expectations for the Federal Reserve's future policy direction have shifted. According to the latest data from the CME FedWatch Tool:

In January next year, the probability of the Fed cutting interest rates by 25 basis points remains at 24.4%, with a 75.6% chance of maintaining the current rate. However, by March, market expectations for rate cuts have noticeably increased—the probability of a 25 basis point cut rising from 42.4% to 44.4%, the chance of holding rates steady adjusting from 49% to 46.1%, and even a 9.5% probability of a cumulative 50 basis point cut (up from 8.6%).

Although the magnitude isn't dramatic, the direction is clear: the market is repricing the Fed's policy outlook for next year. What does this mean for the crypto space? A low-interest-rate environment typically boosts risk asset valuations, and the crypto market often reacts accordingly. Future focus should be on changes in Fed officials' attitudes and economic data trends, as these will further influence the pace of rate cuts.