🚨 Breaking: Market in Danger — Jobs Data Delays the Pivot, Next Cut in Warsh’s Hands $1
At 8:30am ET, the U.S. Bureau of Labor Statistics dropped the January jobs report, and it wasn’t the soft number many bulls were hoping for.
$BTC Payrolls increased by 130,000. Unemployment is around 4.3%. Wages climbed roughly 0.4% month over month. That wage number is the real story. At that pace, inflation pressure isn’t fully cooled, which means the Federal Reserve doesn’t have to rush into cutting rates.
$ETH This isn’t recession data. It’s also not booming. It’s just steady. And steady is enough to delay the pivot.
The market had started leaning on the idea that rate cuts are close. But when the labor market holds up like this, the Fed can afford to wait. That likely keeps yields supported and the dollar firm, which adds short-term pressure on BTC and other risk assets. Not a collapse scenario — just less fuel for an immediate breakout.
Now there’s also the leadership angle. If we’re approaching the later phase of Jerome Powell’s time at the Fed, markets will naturally start thinking about what policy looks like next. If someone like Kevin Warsh shapes the next direction, the timing of the first cut could depend more on that shift than on current data alone.
For now, the message is simple: no emergency, no rush, no fast pivot.
But the week isn’t over yet.
CPI on Friday is now the real test. If inflation shows clear cooling, the rate-cut story can quickly come back. If it doesn’t, the delay narrative strengthens.
So don’t blink.
And if you want the CPI breakdown the moment it drops, follow MEOW 😼 and stay ready.
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