🚨 U.S. Core Retail Sales Data Just Dropped! 🚨
🔥 Bigger-than-expected jump to 1.3% (vs. forecast 0.4%) – Consumer spending is heating up!
📉 Previous: 0.2%
📈 Latest: 1.3% (MoM)
Why This Matters for Crypto Traders:
✅ Strong retail sales = Economic confidence → Could delay Fed rate cuts → Short-term pressure on BTC/ETH?
✅ But bullish for risk assets long-term if spending stays hot!
✅ Altcoin reaction? Watch for volatility during NY session!
👇 Drop your take below! Bullish or bearish on this data?