๐จ Breaking Macro Update
Economic data missed expectations across the board.
Unemployment has climbed to 4.6%, the highest level since 2020, while job growth remains weak. The S&P index also printed below forecasts.
Markets are clearly losing strength.
This increases pressure on the Fed and strengthens the case for rate cuts โ a scenario that often benefits $BTC $ETH and the broader crypto market.
Whatโs your take on this move? ๐
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