#usjobopeningsfalltofivemonthlow The odds of another Fed rate hike have now fallen to
68.1%, down from 70.9% yesterday.
That comes after
US JOLTS job openings
came in at 7.08M, below the 7.23M expected.
A cooling labour market takes some pressure off the Fed
to
keep tightening, which is generally supportive for risk assets like Bitcoin.
However, the bigger picture is still complicated.
US Treasury yields remain elevated and markets are still pricing a relatively high probability of an October hike.
For crypto, this is a small shift in the right direction, but the next major test comes with PCE inflation and Friday's jobs report.
If those also come in softer, the rate-hike narrative could weaken further.$EPIC $FF $ETHFI
68.1%, down from 70.9% yesterday.
That comes after
US JOLTS job openings
came in at 7.08M, below the 7.23M expected.
A cooling labour market takes some pressure off the Fed
to
keep tightening, which is generally supportive for risk assets like Bitcoin.
However, the bigger picture is still complicated.
US Treasury yields remain elevated and markets are still pricing a relatively high probability of an October hike.
For crypto, this is a small shift in the right direction, but the next major test comes with PCE inflation and Friday's jobs report.
If those also come in softer, the rate-hike narrative could weaken further.$EPIC $FF $ETHFI
