📉 Unemployment in the USA is rising — a signal that the market definitely did not want to see

📉 236,000 initial claims for unemployment benefits have been filed — a figure above the forecast and a clear hint at an economic slowdown

⚠️ And this sounds especially negative after Powell's words: he stated that the Fed may take a pause in lowering rates, but not under conditions of rising unemployment

📉 So with these rates, the market is facing yet another pressure factor — monetary easing is once again in question

📉 Weakness in economic data + a tough tone from the Fed = additional negativity for risk assets

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