MARKETS: A weaker jobs print gave stocks and Bitcoin a boost, but Ray Salmond is watching the Fed. The Crypto Market Analyst says the data has pushed expectations for a September rate hike largely off the table.

What happened

A weaker U.S. jobs report lifted both stock markets and Bitcoin, and analysts say it has moved expectations for a September Federal Reserve rate hike largely off the table.

Confirmed

Global impact / market context

Lower job growth suggests the economy may be cooling, which can reduce pressure on the Fed to raise interest rates; lower rates tend to support risk assets like equities and cryptocurrencies.

Analyst inference

Investors had been pricing in a possible September rate hike; the softer jobs data removed that risk, prompting a rally in equities and a price jump for Bitcoin as investors seek higher‑yielding assets.

Analyst inference

What to watch

1. Future U.S. employment reports to see if the labor market continues to weaken, which could further lower rate‑hike expectations. Proposed
2. Federal Reserve statements for any change in policy outlook, as a shift could quickly reverse the rally in stocks and Bitcoin. Proposed
3. Bitcoin price volatility, since a sustained lower‑rate environment may keep demand for the cryptocurrency elevated. Proposed

Affected assets

• BTC — Bitcoin

Evidence

• x.com