The fact that non-farm employment in the US was below expectations and the unemployment figure was above expectations did not move investment assets up, on the contrary, it decreased. Bitcoin experienced some declines, albeit limited, while US index futures also saw losses in value. S&P 500 futures fell 1.6%, Dow Jones futures 1.3% and Nasdaq futures 2.3%.

There are also serious declines in companies such as Apple, Amazon and Intel. Bitcoin is trading around $64,500.

Is the Fed too late?

Experts, on the other hand, state that the danger of a recession in the USA has started to be experienced, and the reason for this situation is the Fed’s delay in lowering interest rates. ‘Markets are starting to fear that the Fed is late in its monetary policy transition,’ Quincy Krosby of LPL Financial told CNBC.

Howard Lutnick, chairman of the board of directors of Cantor Fitzgerald, a global financial services firm, said in an assessment before the Fed decision on Wednesday, ‘They need to cut rates today. If they don’t do this, it means they are late,’ he said.
Powell, on the other hand, said that they could go for a cut if the data they want at the Fed meeting comes, but they want to see convincing figures for this.

There will be no Fed meeting in August and the first Fed decision will be announced on September 18.