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Happy_shanky
💵 The Wage Number May Matter More Than Traders Think
July employment was extremely weak:
-23K jobs vs. ~83K expected.
But another part of the report deserves attention:
Annual wage growth slowed to around 3.2%.
Why does that matter?
Because the Fed isn't watching employment in isolation.
The combination of:
📉 Weak job creation
📉 Softer wage growth
📉 Downward payroll revisions
creates a very different macro picture from a strong labor market with persistent wage pressure.
For $BTC and $ETH, this could strengthen the monetary-easing argument.
But I still want confirmation from:
Treasury yields + DXY + actual crypto price action.
Don't trade one number.
Trade the complete macro picture.
$BTC $ETH
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