Powell: U.S. Economy Expands at a Moderate Pace as Labor Demand Weakens and Job Growth Slows
COINOTAG News—December 11—reports that macro data favored by policymakers show the economy expanding at a moderate pace, a backdrop echoed by Powell-led commentary and informing Federal Reserve policy expectations.
September payroll data reveals a modest uptick in the unemployment rate, paired with a notable slowdown in job creation, signaling softer labor demand and weakening labor market dynamics.
In the crypto arena, such macro signals tend to recalibrate risk appetite and liquidity. Traders scrutinize rate trajectories and policy guidance, with crypto markets reacting to shifts in the inflation outlook and the pace of tightening.