US economy adds just 57,000 jobs in June as Fed rate hike odds evaporate

The US economy added only 57,000 jobs in June, which has significantly lowered expectations for a Fed rate hike. While some probabilities for hikes remain through July 2026 and September, the weak job growth may prompt the Fed to consider rate cuts instead. This shift in monetary policy expectations is impacting financial markets and could potentially boost cryptocurrency values as the odds of further rate increases evaporate following the disappointing employment data.