The labor market data came in much stronger than expected, which could push the Fed to keep interest rates high for longer.

📊 Key figures:

🔥 Added 172,000 new jobs in May.
📈 The forecast was only 85,000 jobs.
⬆️ March and April data revised up by 93,000 jobs.
🎯 The unemployment rate held steady at 4.3%.

⚡ The market reaction was swift:

🔹 US bond yields for 20 and 30 years are back above 5%.
🔹 Rate cut expectations for Q3 have declined.
🔹 Investors are repricing the odds of upcoming monetary policy.

💰 What does this mean for crypto and stocks?

As long as the US economy remains strong, the need for a quick rate cut diminishes.

This could put short-term pressure on high-risk assets like $BTC and tech stocks, but at the same time confirms that the economy is still holding up.

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