At the moment, bitcoin traders appear to be taking the shift lightly, as BTC prices are up 3.93% intraday. In our view, few U.S. data points exist between now and the July 27 meeting that are likely to affect probabilities. Investors, however, are likely to monitor Thursday’s Initial Jobless Claims data. The current consensus estimate for initial claims is 240,000 versus actual claims of 244,000 for the prior week. We expect that higher-than-expected jobless claims will deter the Federal Reserve from increasing rates more than 0.75%.
Related posts
-
Ethereum On The Rise and Outperforms Bitcoin: Signals Indicate Fresh Increase
Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim... -
Bitcoin Price Decline Continues: Lower Targets in Sight
Bitcoin price started another decline from the $66,850 resistance zone. BTC is again moving lower and... -
Advisors cautious with Bitcoin ETF adoption: BlackRock exec
BlackRock’s chief investment officer for ETF and index investments, Samara Cohen, has hinted that financial advisors...