US JOLTS job openings fall to 7.079M, consumer confidence drops to 81.9
- —JOLTS openings at 7.079M vs 7.23M expected and 7.271M prior
- —CB Consumer Confidence fell to 81.9 vs 89.2 expected and 89.4 prior
- —Both readings missed forecasts, pointing to a cooling US labor market
- —Markets price in easier Fed policy, supporting risk assets including BTC and ETH
Why it matters: Softer labor data raises the odds of Fed rate cuts, a historically supportive backdrop for bitcoin and risk assets.
Source: Siam Blockchain