In brief
- January payrolls rose by 130,000, reinforcing expectations that the Federal Reserve will keep policy rates unchanged in the near term.
- Futures markets rapidly pushed anticipated rate cuts into the second half of the year, tightening financial conditions despite signs of slowing price pressures.
- Bitcoin continued to consolidate after the repricing, with analysts saying elevated yields are weighing on risk appetite even as sell-side pressure shows signs of easing.
Investors are now eyeing this week’s release of January’s delayed inflation print, following a hot labor report on Wednesday that showed the economy added 130,000 new jobs for the month.
The release of fresh U.S. consumer price index data, pushed out due to the…
