đš TODAYâS JOB DATA JUST CRUSHED THE LAST FED HIKE BETS. đșđž
The U.S. labor market is flashing fresh warning signs.
Unemployment climbed to 4.2% đ Payrolls added just 29K jobs Expectations were around 90K âŹPrevious month: 162K jobs
Thatâs a massive slowdown in hiring â and the weakness is becoming harder to ignore.
PCE inflation data also came in softer than expected this week.
Now combine cooling inflation + a weakening labor market, and the case for another Fed rate hike looks increasingly difficult to justify.
The Fed may have little reason to tighten further.
That could be a major macro tailwind for risk assets and crypto if liquidity expectations start shifting. đ
$IOTA $BAT $AKE
The U.S. labor market is flashing fresh warning signs.
Unemployment climbed to 4.2% đ Payrolls added just 29K jobs Expectations were around 90K âŹPrevious month: 162K jobs
Thatâs a massive slowdown in hiring â and the weakness is becoming harder to ignore.
PCE inflation data also came in softer than expected this week.
Now combine cooling inflation + a weakening labor market, and the case for another Fed rate hike looks increasingly difficult to justify.
The Fed may have little reason to tighten further.
That could be a major macro tailwind for risk assets and crypto if liquidity expectations start shifting. đ
$IOTA $BAT $AKE
