1. The American Economic Environment
• Recent inflation data (CPI) came in higher than expectations, indicating that inflation may be more "persistent" than investors would like.
• The labor market also shows some pressures, with rising unemployment claims and revisions to employment data suggesting that the previously reported number of jobs may be overstated.
• These data points put pressure on the Federal Reserve's interest rate cut expectations and may delay them if the indicators continue to surprise to the upside$BTC
BTC
88,759.99
+0.76%
ETH
3,026.15
+1.78%
XRP
1.9239
-0.51%
