US job openings just dropped to 7.079M in August—missed expectations (7.23M) and down from 7.335M prior.
Labor market cooling = Fed pivot fuel. Softer jobs data typically means rate cuts stay on the table longer.
Risk-on assets like $BTC and $ETH could pump if this trend continues. Watch for more weakness in employment data—it's liquidity szn if the Fed blinks.
Labor market cooling = Fed pivot fuel. Softer jobs data typically means rate cuts stay on the table longer.
Risk-on assets like $BTC and $ETH could pump if this trend continues. Watch for more weakness in employment data—it's liquidity szn if the Fed blinks.