📰 IMPORTANT: Key U.S. Economic Data This Week That Could Impact The FED Decision 🔥📉
This week delivered crucial economic data that could shape next week’s FED decision — and directly affect crypto markets. Here’s what you need to know 👇
📊 Key Highlights from This Week
✅ Job Openings Collapsed — Fell from 7.48M to 7.19M (worst reading in 4 years)
✅ Consumer Confidence Dropped Sharply — Fell to 86, the lowest since early COVID days
✅ U.S. GDP Plunged — From +2.4% to -0.3% (recession fears rising fast)
✅ Job Creation Slowed — Non-farm jobs fell to 62K vs. 114K expected
✅ Unemployment Claims Rose — Up to 241K (weak labor market signal)
✅ PMI Manufacturing Missed — Stayed at 50.2 vs. 50.7 expected
✅ Silver Lining? — Non-farm payrolls surprised to the upside on Friday (177K vs. 138K expected) + Unemployment stable at 4.2%
💡 Why Does This Matter?
➡️ These data points directly influence the FED’s liquidity decisions
➡️ Liquidity drives markets — including crypto
➡️ If recession fears rise, expect market volatility
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