Here it comes! The unemployment rate and employment data from the United States are out! Is this bad news? Let's take a look: As shown in the picture, this unemployment rate data is lower than expected, which is good news. The employment figures are significantly better than expected! Not considered good news, as it may reduce the probability of interest rate cuts. Overall, the data is pretty good, indicating a strong economy. Incredible! Since Trump took office, all major economic data has been better than expected. Can you believe it? Trump is amazing! 🤣 However, you need to understand that extremes will lead to reversals. Everyone is waiting for a recession, but what we got is a strong economy. However, an unusually strong economy will lower expectations for interest rate cuts, and this month is crucial for the Federal Reserve's decision on rate cuts. So, the Fed definitely won't cut rates in July, which the market interprets as bad news. At least the cryptocurrency market interprets it as bad news. The U.S. stock market, however, hasn't fallen much.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.