US June, July Payrolls Revised Up by 55,000

The upward revision chips away at the narrative of a sharply cooling labor market, which had been a key driver of recent rate-cut expectations. For crypto and RWA markets, this matters because it reduces the urgency for aggressive Fed easing, potentially tightening liquidity conditions that have supported risk assets. The open question is whether subsequent data will confirm this resilience or if the revision is a statistical blip, making the next payroll report the critical signal for how these markets price monetary policy.