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The New York Fed's monthly consumer survey showed the share expecting higher unemployment at its worst since April 2020, while one-year inflation expectations held at 3.6%, three-year eased to 3.2% from 3.3%, and five-year stayed at 3%. Anchored inflation expectations plus deteriorating labor and personal-finance views weaken the case for a hike even as markets price a 57% probability of one, a gap that can pull front-end UST yields and the dollar lower and support duration-sensitive risk assets including high-beta crypto. Watch whether rising gasoline price expectations and the mixed labor signal split the reaction: softer growth is rate-cut supportive for BTC and equity multiples, but a genuine labor deterioration would hit earnings and risk demand instead.
As a Macro signal, watch whether it changes price action, volatility, or flows around BTC, GSPC, ETH.
Original Source: InvestingLive News
This page is market information analysis, not investment advice.
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