It seems that the recession is becoming more apparent, nm ah, the unemployment rate is rising globally.
The unemployment rate has increased to 4.1%, higher than the expected 4.0. In my opinion, this is good short-term news, as it adds pressure for the FED to continue lowering interest rates and to soon end QT.
However, if unemployment continues to rise in the coming months, the risk of economic recession will come closer and sooner.
