🚨 TODAY’S JOB DATA JUST CRUSHED THE LAST FED HIKE BETS. 🇺🇸
The U.S. labor market is flashing fresh warning signs.
Unemployment climbed to 4.2% 📊 Payrolls added just 29K jobs Expectations were around 90K ⬇Previous month: 162K jobs
That’s a massive slowdown in hiring — 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. 📈
$IOTA $BAT $AKE
The U.S. labor market is flashing fresh warning signs.
Unemployment climbed to 4.2% 📊 Payrolls added just 29K jobs Expectations were around 90K ⬇Previous month: 162K jobs
That’s a massive slowdown in hiring — 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. 📈
$IOTA $BAT $AKE
