๐บ๐ธ US Jobs Report Surprises the Market
The U.S. economy added 162K jobs in August, nearly triple market expectations.
๐ August: +162K
๐ July revised: -23K โ +21K
This is a much stronger labor-market reading than expected.
For crypto: A strong jobs report could give the Fed less reason to cut rates aggressively, which may create short-term pressure on $BTC and altcoins.
Iโll be watching $BTC + $DXYZ.US
+ Treasury yields closely before making any big move.
Macro is back in focus. ๐๐
#bitcoin #BTC #Crypto_Jobs๐ฏ #CryptoNewsCommunity #FedBeigeBook
The U.S. economy added 162K jobs in August, nearly triple market expectations.
๐ August: +162K
๐ July revised: -23K โ +21K
This is a much stronger labor-market reading than expected.
For crypto: A strong jobs report could give the Fed less reason to cut rates aggressively, which may create short-term pressure on $BTC and altcoins.
Iโll be watching $BTC + $DXYZ.US
+ Treasury yields closely before making any big move.
Macro is back in focus. ๐๐
#bitcoin #BTC #Crypto_Jobs๐ฏ #CryptoNewsCommunity #FedBeigeBook
