And here it is, the non-farm payroll annual preliminary revision number.
Revised down by 79K jobs.
The 4th consecutive downward NFP revision, the same streak as the 2008-2010 crisis.
The labor market is not getting any better. The Fed can't just fight inflation head on without thinking about the downside.
The next volatile event is tomorrow.
Fed Chair Kevin Warsh's speech.
Non-farm payroll annual revision.
Both are very important metrics to pay attention to.
Warsh's speech matters as the FOMC removed forward guidance. Additional opinions outside the FOMC give better perspective.
The NFP annual revision will show how bad the labor market actually is, the key variable the Fed is watching.
Things are going to get volatile for $BTC.