The US economy is slowing down: weak employment data and skepticism from JPMorgan
JPMorgan Asset Management Chief Strategist David Kelly stated in an interview with CNBC that the August employment data and other indicators signal a growing slowdown in the American economy. Although there is no recession yet, the growth rate is decreasing — like a "turtle that has exhausted its strength".
📉 Key points:
Weak employment report — heightened concerns about the state of the economy.
Historical precedent — in the 21st century, rate cuts have not always stimulated growth (example — post-crisis years).
💡 Why is this important for the crypto market?
Economic slowdown → increased demand for safe assets (including Bitcoin $BTC ).
Dollar weakness → growth potential for cryptocurrencies.
Low rates → liquidity may partially move into risk assets.
Do you agree that the Fed is powerless? Or are you expecting a soft landing for the economy?
Please write in the comments! 👇
