Analyst: Slowing inflation is expected to reignite expectations of interest rate cuts, and weak non farm and employment data today will boost Bitcoin's rise

BlockBeats news, on May 2nd, BRN Chief Research Analyst Valentin Fournier pointed out in a report on May 2nd that despite the uneven macroeconomic performance, the slowdown in inflation has reignited market expectations for the Federal Reserve to cut interest rates. As the inflation trend approaches the Federal Reserve's 2% target, expectations of multiple interest rate cuts are strengthening, which may trigger a new round of liquidity injections. Compared to stocks that may be dragged down by the economic slowdown, alternative risk assets such as cryptocurrencies will benefit more Douro Labs CEO Mike Cahill stated that the US employment report, which covers non farm employment, unemployment rate, and wage growth, may indicate the Federal Reserve's upcoming interest rate decisions. Earlier this week, data showed that the private sector added 62000 new jobs in April, lower than the level in March. Cahill said that if the data weakens again on Friday, with the expectation of interest rate cuts increasing, the price of Bitcoin may rise again. Institutions are closely monitoring these macro signals because Bitcoin is no longer simply seen as a risky asset - it is now becoming a macro tool for interest rate sensitive, global transactions, which was originally designed for it