🚨 BREAKING:
“ZERO CHANCE OF RECESSION” – White House Economic Advisor Kevin Hassett 🇺🇸📈
💬 Hassett’s bold statement signals strong confidence from the Biden administration in the U.S. economy. Here’s what it means and how markets might react 👇
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📊 Key Points:
Strong Job Market 💼 – Low unemployment and steady job growth keep recession fears at bay.
Solid Consumer Spending 🛒 – Americans are still spending despite high interest rates.
Cooling Inflation 🧊 – Inflation is easing, and rate cuts could arrive soon.
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📈 Market Impact:
Stocks love this optimism – could see bullish momentum into earnings season.
Bitcoin & crypto typically rally with risk assets when macro sentiment is positive.
If Fed rate cuts hit in September, crypto may surge in late 2025 🚀
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⚠️ But Caution:
“Zero chance” claims can backfire if inflation rebounds or labor markets weaken.
Unexpected shocks can flip markets fast.
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💡 Bottom Line:
This is short-term bullish for stocks and crypto like $ARB and $VIRTUAL
Stay ready, though – markets can turn quickly.