Analyst: The Fed may turn dovish, which may boost Bitcoin and risk assets

Odaily Planet Daily News: Lower-than-expected U.S. job growth in February could prompt the Federal Reserve to take a dovish stance, as the need to cut interest rates to stimulate the economy could boost global stock markets and cryptocurrencies. However, Nexo analysts believe that continued inflation risks associated with tariffs and supply chain disruptions remain a factor that could keep the Fed cautious. In addition, Paul Howard, senior director of Wincent, said Friday's employment report was lower than expected, supporting the view that rate cuts may be necessary to stimulate the economy. He also noted that reducing deficit costs may be a top priority for the government, which would have a favorable impact on risky assets such as cryptocurrencies. (Theblock)