Posted 12/4/2023, 11:23:17 AM
Central Bank Patience Curbs Rate Cut Hopes As Bitcoin Passes $40K
- Central bank officials cautioned against expectations of rate cuts, weighing slightly on risk appetite
- Positive economic data on inflation is at odds with central bank commentary urging patience
- Bitcoin passed $40K level amid crypto tailwinds
- US jobs reports this week (ADP, jobless claims, payrolls) are pivotal events to watch
- Markets are mixed - Asia closed mixed, EU indices -0.4% to +0.2%, US futures -0.2% to -0.3%; commodities down; crypto up