The data in general was poor, let's take a look at it, but the good side is that we didn't have any statements from any FED member that ruined things.

Core Retail Sales (Monthly - Jun):

Better than expected, indicating resilient consumption even excluding automobiles and fuels.

Retail Sales (Monthly - Jun):

Well above expectations, showing that consumers are still spending heavily, which puts pressure on inflation and of course, we already know Powell's thoughts on this.

Philadelphia Fed Manufacturing Index (Jul):

Extremely positive, showing surprising industrial recovery.

Initial Unemployment Claims:

Lower than expected, the labor market is still strong, fewer people applying for unemployment insurance, and this strength in the labor market is what POWELL is literally keeping an eye on.

The data shows a heated economy, strong employment, and high consumption.

Powell wants to see weakness in activity and employment to cut rates safely; as long as he doesn't see that, Trump can do whatever he wants, he won't cut.

Let's see the next chapters of this soap opera! 😅🤭

The #BTC e Altcoins ignored this, for now!