Kashkari expects a softer labor market ahead—but he's not betting on widespread layoffs. The Minneapolis Fed president's take? Hiring will cool down, yet job cuts won't become the norm. This nuanced view cuts through the noise of recession fears and overly optimistic recovery calls. For crypto traders, this signals a middle-ground scenario: the job market doesn't collapse, but economic momentum doesn't accelerate either. That typically translates to cautious consumer spending and mixed sentiment in risk assets. The Fed's balancing act continues—neither pump the brakes hard nor hit the gas.