🔹CPI INFLATION (WED.)
🔹FED POLICY DECISION (WED.)
🔹PPI INFLATION (THURS.)
🔹JOBLESS CLAIMS (THURS.)
🔹CONSUMER SENTIMENT (FRI.)
🟧Binance will list Lista (LISTA) on 20 June 2024 10:00 (UTC)
🟧Binance will list IO.net (IO) on 11 June 2024 12:00 (UTC)
💰Stake your $BNB & $FUSD to farm LISTA and IO tokens to earn rewards before the official tokens listing!
- The Standard and Poor's 500 rose by 1.3% over the week as investors analyzed the latest jobs report and anticipated the upcoming Federal Reserve monetary policy meeting next week.
- The economy added 272,000 jobs in May, the Labor Department said, topping a 180,000 increase expected
-The May jobs report's 272,000 new jobs added to the economy surpised investors, who expected only 180,000. Wages also surpassed expectations, up 0.4% from last month and 4.1% year over year.
-May's strong print dwarfs April's 165,000 and puts the recent string of moderating labor market data in a more complex light. At the same time, the unemployment rate finally hit 4.0% — the first time since January 2022.
- According to Morgan Stanley, attention on Wednesday will likely center on the Federal Open Market Committee's Summary of Economic Projections. This report could suggest a shift to two rate cuts this year instead of three, due to stronger inflation data in the first quarter.
- In a bid to tame inflation, the FOMC tightened monetary policy by 525 basis points from March 2022 through July 2023, but has since kept interest rates unchanged.
Beware: high volatility on the stock and crypto markets is expected shortly before and after the news❗️
Have a great weekend my #crypto friends! 🐸
#ListaMegadrop #IOLAUNCHPOOL #Market_Update #BTC☀
