Market Whiplash as Jobs Report Undermines Powell’s Less Hawkish Speech

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://pro.nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_pro_oct22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.circle.com/en/usdc/businesses"><em><span style= "font-weight: 400;">Circle</span></em></a> <em><span style= "font-weight: 400;">and</span></em> <a href= "https://www.kraken.com/breakdown"><em><span style= "font-weight: 400;">Kraken</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p> </p> <p><span style="font-weight: 400;">On this edition of the “Weekly Recap,” NLW catches up on the macro landscape, including recapping Federal Reserve Chair Jerome Powell’s speech on Wednesday and how the jobs report released Friday might undermine it as a market signal. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/wallet"><strong><em>Nexo</em></strong></a> <em><span style="font-weight: 400;">is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at</span></em> <a href="https://nexo.io/wallet"><em><span style= "font-weight: 400;">nexo.io/wallet</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://www.circle.com/en/usdc/businesses"><strong><em>Circle</em></strong></a><em><span style="font-weight: 400;">, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s</span></em> <a href= "https://www.circle.com/en/usdc/businesses"><em><span