📊 The latest US economic data just dropped and shook the entire market! Here's what triggered this big sell-off:

  • Core CPI (mo/mo): 0.3% (higher than expected)

  • CPI (month/month): 0.2% (up 0.1% from previous month)

  • CPI (year/year): 2.4% (slightly lower than forecast 2.5%)

Unemployment Claims: A staggering 256K, much higher than the predicted 231K!

⚠ WHAT'S HAPPENING?

The deadly combination of rising inflation and soaring unemployment claims has caused panic across markets. Investors are scrambling to sell assets, causing sharp declines in both traditional and crypto markets.

đŸ’„ WHY IS THE MARKET CRASHING?

‱ Inflation is back! 🚹 Higher-than-expected inflation data is fueling concerns that the Fed will raise interest rates further.

‱ Rising unemployment shows cracks in the economy, leaving the trading floor cold.

📉 IMPACT ON THE MARKET

The combination of inflation concerns and higher unemployment claims shocked the markets, triggering a major sell-off. More declines are expected as fear spreads and uncertainty increases!

💡 How to stay ahead?

Stay alert, keep a close eye on your entries, and use volatility to your advantage. Remember: In every crash, there is an opportunity! Be ready to act on Binance before the next big move! 🚀

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