Bitcoin cycle review: 1.6 years of oscillation vs 6 months of rise, March may become the next sprint window
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Bank of America: August Nonfarm Payrolls Are Just a Warm-up, CPI Is the Real Threshold for September Rate Hike
Bank of America expects only 40,000 new non-farm jobs in August, but even if the data is weak, the impact on rate hike expectations will be limited—because in Federal Reserve Chairman Waller's speech at Jackson Hole, inflation-related terms appeared twice as often as employment-related ones, indicating that inflation is the core policy anchor. Currently, the probability of a rate hike in September is about 70%, but a final conclusion will depend on next week's CPI data.
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