Post
Mr. Fareed Ahmad 📊
📉 Weak Jobs Data Changes the Fed Conversation
The July NFP report delivered a huge downside surprise:
-23K jobs vs. ~83K expected.
Unemployment also came in at 4.1%, while earlier payroll figures were revised sharply lower. Wage growth slowed to 3.2% annually.
That's important for markets.
A softer labor market can increase expectations for easier monetary policy.
And that matters for:
💵 USD
📈 Treasury yields
📊 Equities
₿ Bitcoin
♦️ Ethereum
But I'm not blindly bullish.
The key question is whether the market sees this as:
“The Fed has more room to ease”
or:
“The economy is deteriorating too quickly.”
Those are two very different narratives.
For now, I would watch yields and the dollar alongside BTC/ETH rather than trading the NFP headline by itself.
$BTC $ETH #Macro #NFP #CryptoTrading $BTC $ETH #AIMemorySelloffEases #BTCETHETFInflowsReturn #SP500Eyes8000
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