TechFlow news, August 6 — According to CME's "Fed Watch" data, the probability of a 25-basis-point rate cut in September has surged to 92.4%, significantly higher than 63.1% one week ago. Although Federal Reserve Chair Powell continues to emphasize a "data-dependent" approach, July's nonfarm payroll figures came in far below expectations. Weak employment combined with easing inflationary pressures has led markets to almost fully price in a September rate cut.
Following this development, U.S. equities and crypto markets briefly pulled back before quickly rebounding, with both the S&P 500 and Nasdaq closing higher as market sentiment visibly recovered. Several traders noted that although the market is currently navigating a dual dynamic of "recession" and "rate cuts," medium- to long-term supportive policies for AI and crypto assets continue to provide a solid foundation, making core assets like ETH valuable for long-term allocation.
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