US jobs data just nuked rate hike odds for October — $BTC pumped to $87k on the news.
Here's what matters:
September NFP came in at 29K vs 133K in August (expected 89K). Massive miss.
Unemployment ticked up to 4.2% from 4.1% (consensus was 4.1%).
Average hourly earnings growth collapsed from 0.3% to 0.1% (expected 0.3%).
Weak labor + soft PCE inflation = Fed pivot narrative back on the table. No rate hike in October looking likely.
$BTC reacted instantly, spiking past $87k. Liquidity conditions improving. Risk-on back in play.
Here's what matters:
September NFP came in at 29K vs 133K in August (expected 89K). Massive miss.
Unemployment ticked up to 4.2% from 4.1% (consensus was 4.1%).
Average hourly earnings growth collapsed from 0.3% to 0.1% (expected 0.3%).
Weak labor + soft PCE inflation = Fed pivot narrative back on the table. No rate hike in October looking likely.
$BTC reacted instantly, spiking past $87k. Liquidity conditions improving. Risk-on back in play.
