๐ฅ 162K JOBS. BIG BEAT.
August hiring came in far above expectations.
๐ Forecast: ~56K
๐ Actual: 162K
๐ 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.
๐ Forecast: ~56K
๐ Actual: 162K
๐ 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