Non-Farm Payrolls statistics can significantly affect the cryptocurrency market

Currently, the main digital coin is traded near the $ 90,000 mark, maintaining a high level of volatility. According to experts, in the near future, obvious price fluctuations will be observed. This is due to the fact that this Friday in the United States will be published an important economic indicator of Non-Farm Payrolls.

This metric reflects the dynamics of employment in the non -agricultural sector. According to the results of February, the final results were quite weak. It was expected that 307 thousand new jobs in the sector would be created, but in fact, the indicator is at the mark of 143 thousand. According to the chief economist, ADP Richardson, such dynamics provoked political uncertainty, as well as weak consumer expenses. This negatively affected the hire of new workers.

Trade participants also closely observe the actions of the federal system. The next meeting of the regulator will be held on March 19. According to expectations, the probability that the rate will remain at the level of 425-450 basic points at 93%. Such expectations of investors are due to the fact that the United States has unfolded a trade confrontation with several countries at once.

According to economists, this will not contribute to a systematic reduction in inflation. Moreover, its sharp surge is not excluded. And in conditions of uncertainty, Fed, will not be ready to reduce the key rate.

If you believe the consensus prognosis, to expect further softening of the FRS monetary policy, according to the results of the meeting, the regulator on June 18, 2025. The probability of implementing such a scenario exceeds 80%. However, it should be understood that such expectations are built on current economic conditions, which is quite difficult to predict at a long distance.

Author

Andrey Alexandrov