Cardano stands out on the dev activity front; can ADA live up to the hype.

✓ADA’s price action and a few metrics look positive.

✓However, market indicators were against a price hike.
#price #hike #Altcoin

- #Goldman Sachs economists predict that the Federal Reserve will start lowering interest rates by the end of Q2 2024.

- The rate cuts will be gradual and occur quarterly.

- The primary reason for the rate cuts is to normalize the funds rate as inflation gets closer to the target.

- The Goldman #team anticipates rate cuts to begin in Q2 2024, and they expect the Federal Open Market Committee (FOMC) to skip a rate #hike next month.

- The recent #US inflation data shows a slower-than-expected increase, with a headline rate of 3.2% and a core consumer price index of 4.7%.

- The Goldman #economists project that the funds rate will eventually stabilize around 3-3.25%.

$BTC $ETH $BNB

Strong US job market boosts market outlook🙂

The trend of US disinflation continued with PPI undershooting on both headline (+0.1% MoM vs 0.2% expected) and core readings (2.4% YoY vs 2.8% prior). Initial jobless claims also undershot at 237k vs Bloomberg consensus of 250k, with the 4-week average coming in at 239k in July vs the 18m average at around 250k. The positive optics of the lower PPI coupled with a still strong labour market renewed market expectations of a goldilocks scenario, with the market pricing in ~90% of a rate hike by the end of July, but only ~30% of another rate hike before the end of the year before cuts are expected to resume.

#US #PPI #Bloomberg #market #hike