A softer-than-expected labor market reading is reshaping expectations for the Federal Reserve's next policy move. U.S. payroll growth slowed sharply in June, with employers adding just 57,000 jobs, according to the latest data. The figure signals a cooling labor market and could reduce market bets on a near-term interest rate hike, with traders now questioning whether the Fed will act as soon as this summer or early fall. Slower job creation often eases pressure on central banks to tighten monetary policy, a dynamic that tends to support risk assets, including cryptocurrencies. Investors typically watch payroll data closely for clues about the direction of interest rates, which influence liquidity and appetite for speculative markets. The report adds to a broader debate over the strength of the economy and the trajectory of Fed policy in the months ahead.
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