Nonfarm payrolls surged by 147K in June, crushing expectations.
Unemployment fell to 4.1%, signaling continued labor market strength despite high rates and global uncertainty.
🔍 Key Sector Moves:
Healthcare & Hospitality: Leading job growth
Manufacturing: Lost 7K jobs — supply chain stress?
Gov’t Jobs: Slight dip, private sector picked up slack
💼 What About the Fed?
Forget a July rate cut — not happening.
Eyes are now on September’s FOMC as inflation + labor hold firm.
Markets are pricing in 2 cuts by year-end, down from 3.
📉 Market Impact:
Crypto & Stocks: Volatility as Fed policy expectations shift
Dollar: Strength may rise, creating short-term risk-off mood
Bond Yields: May climb as cuts get pushed out
🧠 Bottom Line:
The U.S. economy is still resilient, giving the Fed breathing room.
Unless we see major softness ahead, rate cuts may come slower than bulls hope.