🚨 U.S. jobs surprise (+165,000 jobs vs. 65,000 expected):
The official October report more than doubled consensus, adding 165,000 nonfarm payrolls. It revised August and September upward by a combined +84,000 jobs, lowered unemployment to 4.1% (from 4.2%), and showed wage growth of +0.4% month over month ($38.00/hour).
What does this mean for the market?:
Jobs and wages this strong fuel inflation, drive Treasury yields higher, and force the Fed to keep interest rates high (or raise them in December), strengthening the dollar and cooling liquidity for $BTC in the short term.
#USMidtermsCouldShakeUpUS-IranTies
The official October report more than doubled consensus, adding 165,000 nonfarm payrolls. It revised August and September upward by a combined +84,000 jobs, lowered unemployment to 4.1% (from 4.2%), and showed wage growth of +0.4% month over month ($38.00/hour).
What does this mean for the market?:
Jobs and wages this strong fuel inflation, drive Treasury yields higher, and force the Fed to keep interest rates high (or raise them in December), strengthening the dollar and cooling liquidity for $BTC in the short term.
#USMidtermsCouldShakeUpUS-IranTies