đ„IMPORTANTđ„
đ„It is FUNDAMENTAL to take into account what we learned THIS WEEK as it DIRECTLY AFFECTS the FED's DECISION next week and your investments
đ§Letâs recap the economic data from this week
đFirst of all, why is this IMPORTANT and why do you need to know it
đžThis is IMPORTANT because, in addition to directly affecting asset prices, it impacts the FED's future decision
đžThe FED's future decision affects the most important aspect for financial markets: LIQUIDITY
What data did we have this week
đOn Tuesday, the first data started arriving indicating ECONOMIC SLOWDOWN
âȘïžThe opening of NEW JOBS PLUMMETED, dropping from 7.480M to 7.192M while 7.490M was expected
âȘïžIt was the WORST reading in 4 years and WORSE than expected
âȘïžConsumer confidence PLUMMETED for the fifth consecutive month and more than expected as fears about employment rise
âȘïžIt fell to its lowest level since the early days of the COVID-19 pandemic, going from 93.9 to 86, while an 87.7 was expected
đOn Wednesday, fears of RECESSION STRONGLY INCREASED
âȘïžThe U.S. GDP plummeted from 2.4% to -0.3% while a 0.2% was expected
âȘïžThe U.S. ECONOMY is one quarter away from entering TECHNICAL RECESSION if another decline is recorded
âȘïžAdditionally, new jobs outside the agricultural sector dropped from 147K to 62K while 114K was expected
âȘïžThe GOOD news was that the CORE PCE FELL more than expected, dropping from 0.5% to 0% while a 0.1% was expected
đOn Thursday, NEGATIVE data for the economy continued
âȘïžNew unemployment claims went from 223K to 241K while 224K was expected
âȘïžA data point that continues to show WEAKNESS in the labor market.
âȘïžThe manufacturing PMI remained at 50.2 while 50.7 was expected
âȘïž
#PMI #PCEç©ä»·ææ° #Fed #EEUU #economy $USDC