⚡US Macroeconomic Data
🔴Average Hourly Earnings M/M.
• Actual: 0.1%
• Forecast: 0.3%
• Previous: 0.2%
🔴Core Retail Sales M/M.
• Actual: 0.3%
• Forecast: 0.2%
• Previous: 0.3%
🔴Change in Non-Farm Employment.
• Actual: 64K
• Forecast: 50K
• Previous: 119K
🔴Retail Sales M/M.
• Actual: 0.0%
• Forecast: 0.2%
• Previous: 0.2%
🔴Unemployment Rate.
• Actual: 4.6%
• Forecast: 4.5%
• Previous: 4.4%
The data on wages and unemployment is worse than expected, which increases the risk of an economic slowdown.
Retail sales are weak, and the consumer is losing momentum.
For the cryptocurrency market, this is moderately positive, as pressure on the Fed regarding rates is increasing.
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