Two critical data regarding the US economy, closely monitored by global markets, have been announced. Weekly unemployment claims came in at 218,000, falling below the expected 235,000. This situation indicated a stronger picture in the labor market than anticipated.
On the other hand, Gross Domestic Product (GDP) recorded a year-on-year growth of 3.8% in the second quarter on an annualized basis. The market expectation was at the level of 3.3%. The growth data that came in above expectations revealed that the American economy maintains its resilient structure and that inflationary pressures may continue.
Following the data, the view that the Fed may not act hastily on interest rate cuts gained momentum in the markets. Strong GDP has narrowed the room for rate cuts while raising concerns that inflation could maintain its high trajectory.
Expectations for interest rate cuts remain strong but there is a decline
According to CME FedWatch data, the probability of an interest rate cut in October is priced at 81.2 percent. However, this rate was at 92 percent the day before. The likelihood of an interest rate cut for December has also declined from 73 percent to 58.8 percent.
Data has shaken the cryptocurrency markets. Bitcoin fell below 111 thousand dollars for the first time in two weeks. Ether, on the other hand, broke the 4 thousand dollar support downwards and pulled back to 3 thousand 924 dollars.
Published: September 25, 2025 16:20
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin meltdown to $10,000 remains likely unless prices reclaim $75,000, analyst says
A familiar voice is back with a familiar, and controversial, call on bitcoin BTC$66,860.50.
Mike McGlone, senior commodity strategist for Bloomberg Intelligence, is reiterating that bitcoin could crash to $10,000.
But this time, he's framed it with a very clear line in the sand: $75,000.
If bitco
CoinDesk12m ago
Capital Flows From Gold Back to Bitcoin As Digital Haven Matures
Bitcoin has consistently been considered as a centerpiece for crypto-economic theory and its representation as “Digital Gold”. Recent data from Fidelity clearly demonstrates that Bitcoin’s role as a measurable indicator of market performance is firmly established as a reality, not just a
BlockChainReporter48m ago
Bitcoin's $1.3 trillion security race: Key initiatives aimed at quantum-proofing the world's largest blockchain
Quantum computers capable of breaking the Bitcoin blockchain do not exist today. Developers, however, are already considering a wave of upgrades to build defenses against the potential threat, and rightfully so, as the threat is no longer hypothetical.
This week, Google published research
CoinDesk50m ago
