Bank of America Sees 110,000 June Jobs as Stronger Print Lifts 2026 Fed Hike Odds
Updated
Updated · Crypto Briefing · Jun 29
Bank of America Sees 110,000 June Jobs as Stronger Print Lifts 2026 Fed Hike Odds
3 articles · Updated · Crypto Briefing · Jun 29
Summary
Bank of America projects the US added 110,000 nonfarm payroll jobs in June, ahead of the Labor Department’s July 2 report.
The estimate is based on three straight months of steady job gains, moderate jobless claims and strong ADP private-payroll readings.
A result above 110,000 could lead markets to price in three Federal Reserve rate hikes in 2026, while a miss could ease tightening expectations.
That repricing matters for crypto and other risk assets because higher rate expectations typically drain liquidity and push investors toward safer holdings, as seen during the 2022-2023 hiking cycle.