Bitcoin traded at $80,200 in the minutes after the release, roughly flat over the past 24 hours. U.S. stock index futures added to earlier gains, the Nasdaq 100 higher by 0.9%. The 10-year Treasury yield fell 2 basis points to 4.37%.
The report arrives at a delicate moment for markets and policymakers. Last week, the Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75%, extending its holding pattern as officials weigh slowing economic growth against persistent inflation pressures.
The data also comes ahead of a new chairman taking the reins at the Fed, with Kevin Warsh expected to soon be confirmed by the Senate to replace Jerome Powell later this month.
Though off their highs, oil prices have remained elevated, with uncertainty around the Strait of Hormuz keeping energy markets on edge. Higher crude prices risk feeding into headline inflation while also weighing on consumer spending and economic activity.