Fed Shifts Attention to Inflation as April Hiring Eases Rate Cut Pressure
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US added 115,000 jobs in April, reducing near-term odds of Fed rate cuts and sending markets to expect rates held through December; rising oil and shipping costs have revived inflation fears. Crypto market impact: firmer Fed policy and renewed inflation risk create near-term headwinds for crypto prices, increase pressure on leveraged DeFi/CEX positions, and may slow liquidity-driven adoption and token performance.
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- Strong April hiring lowers expectations for near-term Federal Reserve rate cuts.
- Rising oil and shipping costs revive inflation fears across broader US markets.
- Markets now expect the Federal Reserve to hold interest rates steady through December.
Federal Reserve officials have shifted their attention back to inflation after fresh labor data showed the US job market remains stable despite mounting geopolitical and energy-related pressures. Strong hiring numbers in April strengthened the central bank’s confidence to keep interest rates unchanged while officials evaluate the long-term impact of rising prices tied to the Iran conflict and trade disruptions.
Labor Market Strength Reduces Pressure for Rate Cuts
The US economy added 115,000 jobs in April, surpassing market expectations and reinforcing signs of labor market resilience. Moreover, March payroll figures…
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