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
IMF Cuts Global Growth to 3.1%, Warns of Recession Risk as Bitcoin Slides to $74K
The IMF has downgraded its 2026 global growth forecast to 3.1%, citing risks of recession from rising oil prices and US-Iran tensions. Bitcoin has also dropped significantly amid poor macroeconomic conditions and rising global debt.
GateNews17m ago
Goldman Sachs Files for Bitcoin ETF with Options-Based Income Strategy
Goldman Sachs has filed for the Goldman Sachs Bitcoin Premium Income ETF, targeting steady income with limited Bitcoin upside by investing 80% in Bitcoin-related instruments and using a dynamic options overwrite strategy.
GateNews37m ago
Former CFTC Chair Giancarlo Leaves Law for Crypto Advisory
The article discusses former CFTC Chair Giancarlo's transition from law to providing advisory services in the cryptocurrency sector, highlighting his expertise and insights into the evolving digital asset landscape.
CryptoBreaking51m ago
US Imposes Hormuz Blockade; Oil Rises as Bitcoin Dips to $70.6K
Geopolitical tensions surrounding the Strait of Hormuz intensified after the United States blockaded the waterway, following faltering peace talks with Iran. The move sent a sharp, if brief, reaction through Bitcoin markets: the leading cryptocurrency touched a low near $70,623 before a partial
CryptoBreaking52m ago
Winklevoss Brothers Withdraw $42.77M in Bitcoin from Major CEX
The Winklevoss brothers withdrew $42.77 million in Bitcoin from a major exchange, reducing their holdings to 8,800 BTC, the lowest since 2012, after depositing $128.5 million a month earlier.
GateNews1h ago
ETH/BTC Price Ratio Rebounds to 0.0313 in Q1 2026 as Ethereum User Base Surges 82%
In Q1 2026, the Ethereum-to-Bitcoin price ratio reached a three-month high at 0.0313. Ethereum added 284,000 users and surpassed $180 billion in stablecoin supply. Bitcoin remained strong above $74,000, driven by significant ETF inflows.
GateNews2h ago
