According to the source, Alice Liu, Head of Research at CoinMarketCap, said all eyes are on Jerome Powell’s first public appearance since the September rate cuts, with weaker U.S. job data and a looming government shutdown prompting markets to watch closely for hints of another cut (source: Alice Liu, CoinMarketCap).

According to @stocktalkweekly, Bank of America now forecasts two 0.25% Federal Reserve rate cuts this year—one in September and one in December—citing this morning's weak jobs data as the catalyst, source: @stocktalkweekly. According to @stocktalkweekly, this is a shift from its prior view of zero cuts in 2025, source: @stocktalkweekly.