BREAKING: U.S. jobs data just came in far weaker than expected.
NFP: 29K vs 90K expected
Previous: 133K revised
Unemployment: 4.2% vs 4.1% expected
That’s a massive miss versus expectations, with September hiring slowing sharply.
The weak labor data could strengthen expectations for easier Fed policy, potentially putting pressure on yields and the dollar while supporting risk assets such as stocks and crypto.
But there’s another side to the story.
If labor-market weakness continues, markets could eventually shift from “rate-cut optimism” toward recession concerns.
The key question now: Is this a one-month slowdown, or the start of a broader labor-market trend?
$ONDO
$QNT
$JUP
NFP: 29K vs 90K expected
Previous: 133K revised
Unemployment: 4.2% vs 4.1% expected
That’s a massive miss versus expectations, with September hiring slowing sharply.
The weak labor data could strengthen expectations for easier Fed policy, potentially putting pressure on yields and the dollar while supporting risk assets such as stocks and crypto.
But there’s another side to the story.
If labor-market weakness continues, markets could eventually shift from “rate-cut optimism” toward recession concerns.
The key question now: Is this a one-month slowdown, or the start of a broader labor-market trend?
$ONDO
$QNT
$JUP
