#CPI&JoblessClaimsWatch 📉🧾💼📊📉
Today the markets receive a new combo of key economic data: the CPI (Consumer Price Index) and unemployment claims. Inflation shows signs of slight moderation, while jobless claims increase, suggesting a possible cooling in the labor market. This creates a mixed outlook: while inflation control is good news for households, the rise in unemployment could hit consumption and slow economic growth.
For the FED, this represents a dilemma: maintain high rates to continue combating inflation or begin to ease its monetary policy to prevent further labor deterioration. The response will affect both the dollar and the cryptocurrency market, which usually react strongly to this data.
In this context, it's worth monitoring some key crypto pairs to analyze how they move in the face of macro uncertainty:
Suggested pairs to chart:
• BTC/USD (Bitcoin against the dollar)
• ETH/USD (Ethereum against the dollar)
• SOL/USDT (Solana against Tether)
• XRP/USD (Ripple against the dollar)
• ADA/USDT (Cardano against Tether)
