๐บ๐ธ GDP Data Could Rock the Market! ๐บ๐ธ
Global liquidity is drying up as we head into the Christmas holidays, but all eyes are on key US economic data. This weekโs releases will be crucial in gauging the health of the worldโs largest economy and influencing the Federal Reserveโs next moves.
Hereโs what to watch:
1. US Q3 GDP (Dec 23rd): Initial estimates are expected at 3.2% growth, down from the previous 3.8%. A lower figure could signal slowing US growth and ease pressure on the Fed to maintain its hawkish stance. Higher? Expect a recalibration of rate cut expectations. ๐
2. Weekly US Jobless Claims (Dec 24th): Forecasts point to 220,000 claims โ a slight dip from last week. This is a quick snapshot of the US labor market. Low numbers support a โsoft landingโ scenario, but a spike could reignite recession fears. โ ๏ธ
3. Reduced Trading Volume: US stock markets are closed for Christmas on Dec 24th & 25th, meaning significantly lower liquidity across financial markets, including $SUI and $TRX. Expect potential price amplification with lower volumes.
Overall, this week calls for caution. These data points are the final pieces of the puzzle before the holiday break. Risk management and avoiding high leverage are paramount.
#Macroeconomics #GDP #Fed #Crypto ๐
