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The New York Fed's August Survey of Consumer Expectations, released on the 8th, showed the average perceived probability of a higher unemployment rate one year ahead rising 1.6 percentage points month-over-month to 44.4%, the highest reading since April 2020, based on roughly 1,300 household heads polled from August 3 to 31. Deteriorating labor confidence pulls in two directions: it strengthens the case for Fed easing, which compresses front-end UST yields and pressures the DXY in a liquidity-positive setup for BTC and ETH beta, while simultaneously threatening consumption and forward earnings that support S&P 500 and NASDAQ valuations. Note this is a sentiment series, not actual layoffs or the unemployment rate, and the survey's employment sub-components were mixed, so confirmation requires hard payrolls, jobless claims, and the next official unemployment print before repricing the growth path.
As a Macro signal, watch whether it changes price action, volatility, or flows around BTC, GSPC, IXIC.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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