1. The American Economic Environment
• Recent inflation data (CPI) came in higher than expectations, indicating that inflation may be more "persistent" than investors would like.
• The labor market also shows some pressures, with rising unemployment claims and revisions to employment data suggesting that the previously reported number of jobs may be overstated.
• These data points put pressure on the Federal Reserve's interest rate cut expectations and may delay them if the indicators continue to surprise to the upside$BTC
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