Finance

The U.S. economy added only 57,000 jobs in June 2026, falling significantly short of the 115,000 forecast and signaling a cooling labor market. This weaker-than-expected data led investors to lower their expectations for a July interest rate hike by the Federal Reserve. Following the report, the U.S. dollar weakened and Treasury yields pulled back from their recent highs.

U.S. 10-year Treasury yields finished the first week of July at 4.49%, having tested the 4.5% threshold during volatile trading earlier in the week. The yield curve remains upward-sloping, with the 2-year note ending at 4.14%, reflecting a cautious outlook on persistent inflation. Market volatility eased following remarks from Fed officials that emphasized a commitment to the 2% inflation mandate without providing specific forward guidance.

The cryptocurrency market showed signs of recovery in early July, with Bitcoin rebounding above the $61,000 mark after briefly dipping below $60,000. This resilience was supported by weak labor data that bolstered hopes for a more cautious Federal Reserve policy, though institutional interest in ETFs remains a critical watchpoint. While Bitcoin and Solana saw gains, the broader market remains sensitive to capital outflows after a challenging first half of the year.