tariff that measures the pulse of the US economy 🇺🇸 Consumer Confidence is one of the most closely watched economic indicators by investors, businesses and policymakers, as it reveals how consumers feel about the present and future of the economy. With consumers accounting for about 70% of US GDP, their share What is the Consumer Confidence Index? The index measures consumers' optimism or pessimism regarding: ✅ **ConditionsCurrent economic conditions: with ✅Future expectations: with This indicator is calculated by organizations such as the Conference Board and is ba Why is the Consumer Confidence Index important? 1️⃣ Impact on consumption : 2️⃣ Recession indicator : Sharp declines 3️⃣ Influence on financial markets : Data 4Public policy guide : Governing Recent trends in US confidence Economic recovery : Co 💡 *Ongoing challenges : How can investors use #USConsumerConfidence? 🔍 Cyclical sectors such as 🔍 Defensive sectors such as What to expect from here on out? As economic factors such as inflation, the Federal Reserve's monetary policy and changes in the labor market evolve, the Consumer Confidence Index will continue to be one of the main indicators for predicting rumors
MARKET: TEMPORARY CRASH ALERT Reason for the Drop: The US Federal Reserve is scheduled to announce Federal Interest Rates on January 29, causing heightened market uncertainty and temporary selling pressure. What to Expect Next: The current drop is likely a short-term pullback. Recovery and growth are expected in the coming days, InshaAllah.
The cryptocurrency market is trending lower today, January 23, 2025, due to a combination of recent factors:
1. Unmet expectations from the US government: During his inauguration, President Donald Trump made no mention of crypto assets, which caused a negative reaction in the market. Investors who had high expectations for government support for cryptocurrencies saw a significant drop in the values of assets such as #bitcoin , #Ethereum , #XRP , and especially #Solana after his speech.
2. Launch of cryptocurrencies associated with public figures: Both Donald Trump and his wife, Melania, launched their own meme cryptocurrencies, named $TRUMP and $MELANIA, respectively. These launches caused market fluctuations, with criticism from industry veterans who fear that these coins will damage the credibility of the crypto market.
3. Macroeconomic and regulatory concerns: The uncertainty surrounding the upcoming interest rate decisions by the US Federal Reserve has created caution among investors, as higher rates typically discourage investment in riskier assets such as cryptocurrencies. Additionally, recent regulatory actions in the US and Europe have increased market distrust, with agencies such as the SEC actively targeting crypto platforms over compliance concerns.
4. Volatility and profit-taking: After a period of gains, there has been profit-taking by institutional investors, resulting in large-scale liquidations that have impacted prices. Major cryptocurrencies such as Bitcoin and Ethereum have seen price fluctuations as a result.
These factors have combined to contribute to the pullback seen in the cryptocurrency market today.
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Turn Your Smartphone into a Earning Machine with the Sallar Network!
Sallar is a decentralized mobile computing network that allows you to turn smartphones into computing nodes. By participating, you share your device's unused processing power to support AI projects and other computationally intensive applications.
🌟 Why choose Sallar?
Generate Passive Income: Contribute to the network and get rewarded with Sallar tokens.
Impact the Future: Directly support the advancement of global AI research and projects.
Exclusive Rewards: Hold Sallar tokens in your in-app subwallet and maximize your earnings.
💡 How does it work?
1. Download the Sallar app.
2. Connect your smartphone to the network and share the processing power.
3. Exchange your tokens for other cryptocurrencies, such as Solana, directly in the Phantom wallet.
🚀 Be part of the revolution!
Earn, contribute and invest in the future with Sallar. Access the app today and turn your smartphone into a powerful and profitable tool.
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