🔥ATTENTION🔥



🎯This week, in addition to the INFLATION data, we had data suggesting that we are not close to a RECESSION.

How does this impact $BTC and what are those data⁉️

▫️Unemployment benefit claims were 221K while 233K were expected.
▫️THERE has NEVER been a recession with a labor market in these conditions
▫️On the other hand, June's MINORITY SALES grew by 0.6% while a 0.1% increase was expected.
▫️Finally, we have CORPORATE EARNINGS REPORTS coming in BETTER than expected
▫️Anything that keeps us away from recession is positive for financial markets.

📍For now, the RECESSION does not seem to be IMMINENT despite having some data suggesting that the FED should exercise caution and cut the rate.

Source: Investing
PUMP17.15%
GT-3.52%
BTC-1.15%
ETH-2.73%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)