The Federal Reserve must weigh the U.S.’ debt obligations while trying to tame inflation without sending the economy into a deep recession. Its next steps could have an impact on crypto markets. Bitcoin and ether finished another positive week, even as the stubbornly strong jobs market raised questions about the U.S. Federal Reserve’s next interest rate move. The U.S. added a whopping 517,000 jobs in January, 98% higher than the prior month, and 172% higher than expectations. The unemployment rate fell to 3.4%, while the labor force participation rate rose to 3.4%. Investors may view the robust job market negatively as it suggests the economy is not cooling as much as other economic data indicates, and may prompt the U.S. central bank to extend its current series of rate increases.
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