The latest employment data from the US shows that there are no clear changes in the labor market, but signs of cooling continue to emerge.
• Employment growth continues
• But it is slowing down
• The momentum is weakening regarding wage pressure
This picture reinforces the "no rush" message for the Fed.
📌 Market focus: Employment remains strong, but that is not enough to reignite inflation.
Therefore, the data
Did not lead to an increase in expectations regarding interest rate cuts
But also did not completely rule it out
This balance is important for cryptocurrencies and risk assets. No sharp decrease in risks, nor uncontrolled growth in risks.
The macro direction remains dependent on the data.
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