According to @business, Robert Half issued profit guidance below analysts’ estimates, indicating the global jobs market is continuing to soften, source: Bloomberg. For trading, a softer labor backdrop is a cyclical warning investors track for rate-cut odds and liquidity conditions that can influence risk assets including BTC and ETH, source: Bloomberg. Near term, traders may watch weekly jobless claims, nonfarm payrolls, and staffing-sector earnings for confirmation of labor softness and potential cross-asset sentiment shifts, source: Bloomberg.

According to @rovercrc, U.S. inflation may be coiling up, putting CPI risk back in focus for crypto positioning, source: @rovercrc on X. The CPI and Core CPI prints that anchor inflation trading are released monthly by the U.S. Bureau of Labor Statistics, and their schedule and component weights guide market expectations, source: U.S. Bureau of Labor Statistics. The Federal Reserve’s longer-run goal is 2% inflation as measured by PCE, so persistent inflation pressures raise the likelihood of restrictive policy for longer, which is central to risk management for BTC exposure, source: Board of Governors of the Federal Reserve System. Ahead of CPI, traders track TIPS breakevens, real yields, and CME FedWatch rate probabilities to gauge the rates and dollar impulse that can transmit into crypto volatility, source: U.S. Department of the Treasury; Federal Reserve Bank of St. Louis (FRED); CME Group. Macro announcement surprises are documented to move asset prices and intraday volatility, reinforcing the case for event-risk controls around CPI time for crypto trades, source: Federal Reserve research on macroeconomic announcements and asset prices.