#usaugustjobgrowthnearlytriplesforecast — Jobs blowout reignites Fed-hike fears, BTC loses $80K
🎯 The numbers (Sept 4 BLS report):
💼 August NFP: +162K vs ~56K expected — nearly 3x forecast , blowing past every estimate in Bloomberg's survey (range: -25K to +121K)
📊 Unemployment held at 4.1% ; July was revised from -23K to +21K — the loss revised away, with prior months bumped up
📈 10Y Treasury yield jumped to ~4.78% ; dollar index rose
🔺 September Fed HIKE odds climbed back to ~60% (from ~50%) — this cycle it's about hikes, not cuts
💥 $BTC slid from ~$82K to ~$79.3K , back below the psychological $80K; gold and stocks also dipped (S&P still closed the week green)
🔍 Why markets sold off: A number this strong implies the economy doesn't need lower rates — reviving the hawkish Fed narrative Fed Chair Kevin Warsh set at Jackson Hole. Recall July PCE at 3.7% YoY (above target) + record-high energy costs are feeding inflation worries.
🧠 Key read from the street:
BlackRock's Jeff Rosenberg: "CPI looms even larger" after the jobs beat — the report "puts the focus and the onus back on the inflation."
If the Sept 11 CPI shows progress, "I think they hold." The real risk: energy pass-through into core inflation (diesel hit a record $5.85/gal, per AAA)
Wall Street is absorbing the shock remarkably well — credit spreads stay tight, equities resilient despite the bond rout (JPMorgan flags liquidity stress mainly in Treasuries)
⏭️ Next triggers: CPI Sept 11 is now THE print · FOMC Sept 15–16 · CLARITY Act vote Sept 15. For BTC: reclaim $80K , then ~$82.8K.
#ZECHitsANewAllTimeHigh #LululemonTumbles20%OnWeakGuidance #BitcoinETFsBiggestDailyInflowSinceJanuary #USAugustAvgHourlyEarningsRise3.1%
🎯 The numbers (Sept 4 BLS report):
💼 August NFP: +162K vs ~56K expected — nearly 3x forecast , blowing past every estimate in Bloomberg's survey (range: -25K to +121K)
📊 Unemployment held at 4.1% ; July was revised from -23K to +21K — the loss revised away, with prior months bumped up
📈 10Y Treasury yield jumped to ~4.78% ; dollar index rose
🔺 September Fed HIKE odds climbed back to ~60% (from ~50%) — this cycle it's about hikes, not cuts
💥 $BTC slid from ~$82K to ~$79.3K , back below the psychological $80K; gold and stocks also dipped (S&P still closed the week green)
🔍 Why markets sold off: A number this strong implies the economy doesn't need lower rates — reviving the hawkish Fed narrative Fed Chair Kevin Warsh set at Jackson Hole. Recall July PCE at 3.7% YoY (above target) + record-high energy costs are feeding inflation worries.
🧠 Key read from the street:
BlackRock's Jeff Rosenberg: "CPI looms even larger" after the jobs beat — the report "puts the focus and the onus back on the inflation."
If the Sept 11 CPI shows progress, "I think they hold." The real risk: energy pass-through into core inflation (diesel hit a record $5.85/gal, per AAA)
Wall Street is absorbing the shock remarkably well — credit spreads stay tight, equities resilient despite the bond rout (JPMorgan flags liquidity stress mainly in Treasuries)
⏭️ Next triggers: CPI Sept 11 is now THE print · FOMC Sept 15–16 · CLARITY Act vote Sept 15. For BTC: reclaim $80K , then ~$82.8K.
#ZECHitsANewAllTimeHigh #LululemonTumbles20%OnWeakGuidance #BitcoinETFsBiggestDailyInflowSinceJanuary #USAugustAvgHourlyEarningsRise3.1%