šØ 258,000 Jobs Just Disappeared ā Powellās āStrong Labor Marketā Is a Lie š§Ø
July's U.S. jobs report just obliterated the Fedās narrative.
š§¾ Hereās what dropped:
Nonfarm payrolls: Just 73,000 jobs added
Economists expected: 100K+
June revision: From 147K ⤠14K šµ...
May revision: From 144K ⤠19K
...
Thatās 258,000 jobs ERASED ā in two months.
Gone. Like they never existed. Thatās an entire city wiped off the payroll map.
š Unemployment? Tick up to 4.2% ā steady rise, not a fluke.
š¬ Just two days ago, Powell said:
> āThe labor market is still strong.ā
Yeah⦠not anymore.
ā
š£ Markets React FAST...
CMEās odds of a September rate cut jumped from 40% ⤠75.5%..
2-year Treasury yield fell 15 bps to 3.80%...
10-year yield down 8 bps
Wall Street isnāt guessing ā theyāre betting big on a Fed pivot.
ā
š So whatās the takeaway?
Weāre staring at 2 ugly truths:
1ļøā£ The labor market is sliding into recession, quietly.
2ļøā£ Or BLS data is so broken it missed a quarter million jobs.
Neither is bullish. One means pain, the other means chaos.
Either way ā Powell just got exposed.
ā
š„ Bonus Drama: Trump Goes Off
As expected, Trump jumped in on Truth Social:
> āToo Little, Too Late. DROP THE RATE!ā
āTariffs are bringing Billions into the USA!ā
ā
š Final Thoughts: This jobs report isnāt just numbers ā itās a signal.
The Fedās next move could shake crypto, stocks, and bonds all at once.
Stay sharp. This is the kind of moment where fortunes are made or lost.
$BTC $ETH #FOMCMeeting $
#FedWatch #Powell #JobsReport #CryptoMarkets #InterestRates #Trump #Recession
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