According to @KobeissiLetter, year-to-date job cuts attributed to DOGE cuts total 292,279, while 199,297 cuts are cited as due to market and economic conditions, the second most common reason. Source: @KobeissiLetter. @KobeissiLetter adds that the Federal Reserve will lean on these labor-market dynamics in September, making them a key input for policy decisions. Source: @KobeissiLetter. For traders, this sets a macro catalyst window around the September FOMC where positioning in risk assets, including BTC and ETH, may adjust with Fed guidance. Source: @KobeissiLetter.