Fed pause odds just spiked to 63% on Polymarket after July's jobs report came in weak 📉
Was sitting at ~50% pre-data. Market's now pricing in higher chance Powell holds rates in September.
Weak jobs = less ammo for hawkish moves. Risk-on assets could catch a bid if this narrative holds.
Watch DXY and $BTC correlation closely next few weeks.
Was sitting at ~50% pre-data. Market's now pricing in higher chance Powell holds rates in September.
Weak jobs = less ammo for hawkish moves. Risk-on assets could catch a bid if this narrative holds.
Watch DXY and $BTC correlation closely next few weeks.