💵 WAGES GREW 3.1% YoY
Average hourly earnings increased 3.1% year over year in August.
That sounds normal — but traders are watching this number because wages are closely tied to inflation and Fed policy.
The interesting part:
Jobs came in much stronger than expected, while wage growth remained relatively controlled.
👀 Coins to watch:
• $BTC
• $ETH
• $LINK
This creates a very interesting setup for risk assets.
Strong labor market.
Cooling wage growth.
More questions for the Fed.
The next inflation data could be very important.
#usaugustavghourlyearningsrise3.1%
Average hourly earnings increased 3.1% year over year in August.
That sounds normal — but traders are watching this number because wages are closely tied to inflation and Fed policy.
The interesting part:
Jobs came in much stronger than expected, while wage growth remained relatively controlled.
👀 Coins to watch:
• $BTC
• $ETH
• $LINK
This creates a very interesting setup for risk assets.
Strong labor market.
Cooling wage growth.
More questions for the Fed.
The next inflation data could be very important.
#usaugustavghourlyearningsrise3.1%