đ„ 162K JOBS. BIG BEAT.
August hiring came in far above expectations.
đ Forecast: ~56K
đ Actual: 162K
đ Unemployment: 4.1%
The economy just delivered a major upside surprise.
But for risk assets like $BTC, stronger economic data can be a double-edged sword if it reduces expectations for rate cuts.
#usaugustjobgrowthnearlytriplesforecast
August hiring came in far above expectations.
đ Forecast: ~56K
đ Actual: 162K
đ Unemployment: 4.1%
The economy just delivered a major upside surprise.
But for risk assets like $BTC, stronger economic data can be a double-edged sword if it reduces expectations for rate cuts.
#usaugustjobgrowthnearlytriplesforecast