After the jobs report, market forecasts saw a slight increase in the odds of a rate hike in June. Traders' bets on a 25 basis point hike briefly rose to 38% before falling back to around 25%, according to CME Group data. A number of Fed officials made it clear that interest rate hikes will be suspended in June. Taken together, the data underscore the challenge facing Fed Chairman Jerome Powell in coordinating the Fed's rate-setting committee around the idea of skipping a rate hike this month, with officials already in favor of a June hike likely to become more convinced. the necessity of information. Nick Timiraos, who has the Fed's megaphone, said Friday's non-farm payrolls report did little to change the Fed's debate on whether rates should be kept steady this month. But that raises the possibility that officials will combine a pause in June hikes with a more inclined rate hike later in the year, where a continued strong labor market could lead officials to raise rates more sharply than expected. On the other hand, the House of Representatives has now passed the debt ceiling bill. The provision would allow the U.S. government to continue spending indefinitely through January 2025. Total federal debt is projected to rise from $31 trillion to $36 trillion. In the short term, cryptocurrencies may face sell-side pressure due to monetary tightening due to a possible increase in Treasury bill issuance. However, the long-term outlook is positive as the market will experience unlimited spending.