المنشور

FED RATE HIKE CASE JUST GOT WEAKER Today, the US unemployment data came in at 4.1% vs. 4.2% expected, its lowest level in 14 months. This shows that the labor market is strong, but that's not true. US economy lost -23,000 jobs in July while the expectations were of +80,000. The private sector added 30,000 jobs while the expectations were of 78,000. So, despite unemployment heading lower, more people lost their jobs last month. And the Fed doesn't hike rates when the labor market is weak, as it makes the situation worse. $BTC