A central bank official just dropped some interesting remarks about the current state of the economy. According to Greene from the institution, there's been noticeable slack developing in the labor market lately.

What does this mean? Basically, the job market's cooling down - fewer openings, less hiring pressure, maybe even some layoffs here and there. When labor markets loosen up like this, it usually signals that the economy's losing some steam.

For those of us watching macro trends, this kind of talk from policy makers matters. Softer labor data often precedes shifts in monetary policy, which then ripple through to risk assets - including crypto. If the economy's genuinely slowing, we might see different approaches to interest rates down the line. Worth keeping an eye on how this develops.