List of Flash News about ADP jobs report crypto
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2025-06-04 12:25 |
Trump Urges Fed Rate Cut After Weak ADP Jobs Data: Impact on Crypto Market and Trading Strategies
According to The Kobeissi Letter, President Trump has called Federal Reserve Chair Powell 'unbelievable' and insisted that rates 'must now lower,' following the ADP Employment report revealing the weakest job growth in over two years (source: @KobeissiLetter, June 4, 2025). Despite Trump's demand, Powell reiterated there is 'no hurry' to cut rates. For crypto traders, this heightened tension around US monetary policy could trigger increased volatility in Bitcoin and altcoins, as lower rates typically drive risk-on appetite and capital flow into digital assets. The standoff signals potential short-term opportunities for traders watching for sharp market reactions to any Fed policy shifts. |