SoSo Macro | US-Iran Talks Show Signs of a Breakthrough; Yemen Tensions Escalate Again
U.S.-Iran talks remain active as Washington weighs renewed strikes but Trump says he is not in a rush to act, while fighting in Yemen continues and oil stays broadly stable; U.S. October payrolls rose by 165,000, unemployment fell to 4.1% and prior months were revised higher, reinforcing a resilient labor market and keeping expectations for a December Fed hike elevated; AI financing and infrastructure expansion continue, with OpenAI closing an initial $11 billion funding tranche and Anthropic moving upstream into power equipment procurement.
Resilient US payrolls and lower unemployment, with prior months revised higher, reinforce labor-market strength and keep December Fed hike expectations elevated; this raises rate and liquidity tightening concerns, weighing on risk appetite and pressuring BTC, ETH and high-beta crypto, so the near-term bias is bearish (medium).