Job Market SHOCKER! šØ
The U.S. unemployment rate ticked up to 4.6% (vs. 4.5% expected). A weakening labor market is bad news for growth and risk assets like $BTC and $SOL in the short run.
Now, all eyes are glued to Thursday's CPI data. Lower inflation = rate cuts reinforced = risk assets rally. But a hotter-than-expected CPI print with rising unemployment puts the Fed in a tight spot. They can't fight inflation and protect jobs simultaneously.
Higher CPI + rising unemployment = tighter policy during an economic slowdown. If CPI is hot, brace for a downside move š. Volatility is coming. Stay sharp.
#CPIWatch #FedPolicy #CryptoMarket š¤Æ

BTCUSDT
Perp
87,379.1
+1.46%

SOLUSDT
Perp
127.86
+1.76%