🚨 #FedOctoberRateHikeOddsFallTo17% — Today’s jobs data dashed hopes of another rate hike!
📊 The U.S. unemployment rate rose to 4.2%, its highest level since June 2026.
Meanwhile, the U.S. economy added just 29,000 jobs, compared with expectations of 90,000.
📉 Last month, the U.S. economy added 162,000 jobs, pointing to a clear loss of momentum in the labor market.
PCE data also came in lower than expected this week, and with the labor market still weakening, markets see the chances of a rate hike as lower.
🔥 The labor market is weakening
📉 Inflation is lower than expected
📊 The odds of a rate hike have fallen to 17%
Could we now be entering an environment that’s more supportive of risk markets and cryptocurrencies? 👀🚀
$IOTA $BAT $AKE
⚠️ This is analysis for discussion purposes only, not financial advice. DYOR
📊 The U.S. unemployment rate rose to 4.2%, its highest level since June 2026.
Meanwhile, the U.S. economy added just 29,000 jobs, compared with expectations of 90,000.
📉 Last month, the U.S. economy added 162,000 jobs, pointing to a clear loss of momentum in the labor market.
PCE data also came in lower than expected this week, and with the labor market still weakening, markets see the chances of a rate hike as lower.
🔥 The labor market is weakening
📉 Inflation is lower than expected
📊 The odds of a rate hike have fallen to 17%
Could we now be entering an environment that’s more supportive of risk markets and cryptocurrencies? 👀🚀
$IOTA $BAT $AKE
⚠️ This is analysis for discussion purposes only, not financial advice. DYOR
