Bitcoin, Ethereum Brace For US Labor Data As Experts Warn Of Cross-Asset Volatility
Markets are preparing for pivotal U.S. labor market data, with jobless claims due Thursday and the non-farm payrolls report scheduled for Friday.
Analysts say the figures will provide critical input for Federal Reserve policymakers, who are balancing persistent inflation pressures against signs of cooling employment.
The Fed’s mandate requires it to pursue both stable prices and maximum employment.
At the central bank’s annual Jackson Hole symposium in August, Chair Jerome Powell acknowledged the growing tension between those objectives, noting that “the risks to the employment side of our mandate have increased.”
Labor market data has played a decisive role in shaping policy expectations throughout 2025.
When unemployment edged up to 4.1% earlier this summer, Treasury yields fell and risk assets rallied on speculation the Fed would adopt a more cautious stance. …
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