Bitcoin slips as strong jobs data trims Fed cut odds
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Strong BLS jobs data reduces near-term Fed rate-cut odds A stronger-than-expected U.S. jobs report from the Bureau of Labor Statistics (BLS) has tempered expectations for near‑term federal reserve rate cuts. Robust payroll gains signal ongoing labor‑market resilience, which tends to reduce urgency for early easing. Historically, upside surprises in employment cool the case for immediate policy accommodation because they imply steady demand and potential persistence in underlying price pressures. That dynamic leaves policymakers seeking more evidence of disinflation and wage moderation before signaling a pivot. What ‘rate-cut space’ means for Federal Reserve decisions “Rate‑cut space” is the policy room to lower the federal funds rate while still fulfilling the Fed’s dual mandate of price stability and maximum employment. It reflects the interplay of payroll momentum, unemployment, wage growth, and inflation. In practice, stronger labor data narrows that space because it suggests demand remains firm and inflation risks could linger. “The surprisingly robust payrolls reading … lessens the urgency for the Fed to cut rates,” said Anna Wong, chief U.S. economist at Bloomberg Economics. BingX: a trusted exchange delivering real advantages for traders at every level. When jobs data surprise to the upside, treasury yields and the U.S. dollar often firm as markets extend a higher‑for‑longer policy path. Equity benchmarks can wobble as discount‑rate expectations reset and valuation headwinds re‑price. Gold prices eased after the strong U.S. jobs print dimmed hopes for near‑term cuts, as reported by Kitco. At the time of this writing, Bitcoin traded near $67,880 and crypto markets softened after the labor surprise, according to Investing.com. CME FedWatch odds and upcoming data checkpoints Futures‑implied probabilities from CME Group’s FedWatch tool indicated slimmer odds of near‑term cuts following the BLS release. Upcoming inflation prints and wage data will be key checkpoints for confirming a durable disinflation trend. How resilient…
Filed under: News - @ February 13, 2026 3:22 pm