🔥 LAST 🔥
📊 The U.S. LABOR REPORT has just been released
Is this the key to #Bitcoin and the markets? 👀
👉 Hourly wages rise by 0.3% (in line with expectations)
👉 Non-agricultural payrolls drop to 50K, below expectations
👉 Unemployment falls to 4.4%, better than estimated
🎯 Important revisions
▪️ Previous wages data were revised upward
▪️ Past payrolls were revised downward
▪️ Previous unemployment figure was adjusted upward
📍 The overall message:
✔️ Strong but not overheating labor market
✔️ Less fear of recession
✔️ Lower probability of rate cuts in January
💡 According to JPMorgan, this is one of the ideal scenarios:
Neither too strong nor too weak
📈 S&P 500 reacts positively
₿ Bitcoin remains range-bound
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