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07:09
UniCredit: Central banks will ignore short-term turbulence, Fed expected to cut rates once this year
Golden Ten Data, March 6 – Marco Valli and Daniel Vernazza, chief economists at the UniCredit Bank Investment Research Institute, stated in a report that Iran's military actions are expected to last for several weeks, allowing central banks to temporarily ignore short-term volatility, after which tensions and energy supply disruptions should ease. They said: "In our baseline scenario, the Federal Reserve is still expected to cut rates only once this year, while the European Central Bank will keep rates unchanged until 2027." The two chief economists further noted that the risks facing the European Central Bank this year have shifted from additional monetary easing to the possibility of tightening policy earlier than expected.
07:05
Economist: In addition to tonight's non-farm payroll data, pay attention to the Bureau of Labor Statistics' annual population adjustment.
Golden Ten Data reported on March 6 that the Bureau of Labor Statistics will release new population control data that was delayed last year due to a 43-day government shutdown. BNP Paribas Chief U.S. Economist Eggerhoff stated that the latest data from the Census Bureau shows the Bureau of Labor Statistics has been overestimating population growth since the end of 2024. It is expected that in the revised January data, the population aged 16 and above will be reduced by about 590,000, the labor force population will be reduced by about 370,000, and the number of employed persons in the household survey will also be similarly adjusted downward. Using the Bureau of Labor Statistics’ experimental series, which smooths past population control and immigration data, combined with the latest census data, it is expected that the U.S. labor force will grow by only 900,000 in 2025, and the overall labor force growth in 2026 is expected to be well below 500,000. The population control adjustment will only affect the January household survey data. This means that month-on-month data for household employment, unemployment, and labor force indicators will not be directly comparable. BofA Securities economist Mishra noted that the good news is that key ratios (unemployment rate and labor force participation rate) are usually minimally affected. Last year, the population control adjustment increased both ratios by 0.1 percentage points, while this year the risk is that the new control adjustment may cause both ratios to decline slightly.
07:01
The probability of "bitcoin rebounding to $75,000 this year" on Polymarket is 89%.
BlockBeats news, on March 6, the probability of "Bitcoin rebounding to $75,000 this year" on Polymarket is 89%. In addition, the probability of BTC rebounding to $80,000 within the year is currently reported at 75%, while the probability of dropping to $55,000 is currently reported at 68%.
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