🔶 A Large Downward Revision May Be Coming in US GDP Data! 📉

🔶 The difference between Real GDP and real Gross Domestic Income (GDI) has reached a record $616 billion. 😮

🔶 GDI measures earnings by all participants of the economy, while GDP reflects the value of total economic output.

🔶 Historically, GDI has been a leading indicator of final GDP data revisions and the unemployment rate, especially near the end of economic cycles.

🔶 Currently, GDI suggests the real GDP could be overstated by ~$600 billion or approximately 3%.

🔶 By the time these revisions are made, attention often shifts away from the current GDP numbers.

Downward data revisions are becoming the new normal. 📊

#Economy #GDP #GDI #EconomicData #USMarkets

🔥 Six Must-Watch Events This Week as Bitcoin Nears $69.732K 🚀

As we approach the crucial June 12 Federal Reserve meeting, all eyes are on this week's economic data. Investors are keenly watching several reports that could shape the Fed's future policies. Among these, Friday's job market data is particularly significant.

Calm Before the Storm? Crypto Markets Steady
This past weekend saw little movement in most digital assets. However, this week promises to bring several key economic events that could potentially stir the markets.

Key Economic Events: June 3-7
Monday: ISM Manufacturing PMI – A vital indicator of the health of the U.S. manufacturing sector.

Tuesday: JOLTs Job Openings – Insight into labor market dynamics.

Wednesday:
ADP Nonfarm Employment – A precursor to Friday's official jobs report.ISM Services PMI – Critical as services contribute over 70% to the U.S. GDP.S&P Global Services PMI – Another look at the service sector's performance.

Friday: May Jobs Report – The most anticipated report of the week, detailing new jobs and unemployment rates, crucial for Fed's policy decisions.

Key Insights:
The Labor Department's reports on payrolls and unemployment, scheduled for Friday, are the highlights. Analysts expect 180,000 new jobs and an unemployment rate steady at 3.9%. These figures are vital as they indicate the overall economic health and influence the Fed's policies. According to Global Macro Investor, "It will be key to see whether the US labor market continues cooling."

Crypto Market Overview
While these economic reports are significant, they might not heavily impact crypto markets, which are more sensitive to CPI inflation data. The total market capitalization remains stable at $2.68 trillion.

Bitcoin has shown some upward movement, rising by 1.4% on Monday to $68,619. Ethereum has recovered to $3,800, and among altcoins, Toncoin has surged by 10% in the past 24 hours.

Stay tuned to see how these economic indicators play out and their potential ripple effects on the crypto markets!

#CryptoNews #Bitcoin #Ethereum #EconomicData

📊🇺🇸 The US Bureau of Economic Analysis (BEA) has released data on the core Personal Consumption Expenditures (PCE) price index, a crucial inflation metric. In July, it showed a 0.2% increase from the prior month, aligning with market forecasts. Year-on-year, the index surged by 4.2%, consistent with expectations. This indicator, which excludes volatile energy and food components, holds significance for the Federal Reserve as a reliable gauge of price trends. #EconomicIndicators #Inflation #USPCE #EconomicData

🇺🇸📈 The U.S. core personal consumption expenditures (PCE) price index increased by 0.3% in September compared to the previous month, in line with market expectations. On a year-on-year basis, it rose by 3.7%, also meeting expectations. The core PCE index, excluding energy and food, is considered the Federal Reserve's key price indicator. #EconomicData #USInflation 📊🏦📈

Bitcoin's price dip below $69,000 suggests a lack of support and potential bearish market conditions.

The recent price drop indicates that there may not be enough buying pressure to sustain Bitcoin's price at this level. This could be a sign of a downward trend in the coming months.

Upcoming U.S. economic data releases, such as inflation and jobs numbers, are expected to cause further volatility in Bitcoin and the broader cryptocurrency market.

Stay tuned for further updates on how these factors impact the crypto market.

#Bitcoin #Cryptocurrency #MarketAnalysis #BearishMarket #Volatility #EconomicData

🚨 U.S PCE Price Index (YoY) April 2024 data is out! 📊

📈 The PCE Price Index YoY hit 2.7%, matching expectations. 🎉
💹 Core PCE Price Index YoY remained steady at 2.8%, as estimated. 🔍

📉 Core PCE Price Index MoM came in at 0.2%, slightly below the expected 0.3%. 🔍

🔍 This data gives us insights into inflation trends and could influence economic decisions. 💡

📣 Bullish for risky assets like cryptos right ?🗣️

#PCEPriceIndex #EconomicData #Inflation #FinancialNews

$BTC $USDC

🚨 US Employment Data Update 🚨

The latest US Nonfarm Payrolls data has been released:
- Reported: 114K
- Expected: 176K
- Previous: 206K

The US Unemployment Rate has also been announced:
- Reported: 4.3%
- Expected: 4.1%
- Previous: 4.1%

These figures indicate a slower job growth than anticipated and a slight increase in the unemployment rate. This could have significant implications for the markets, including Bitcoin and other cryptocurrencies.

#Btc $BTC #EconomicData #US #CryptoMarkets

📈 **Tomorrow's CPI Inflation Data: The Crucial Turning Point** 📉

All eyes are on Wall Street as we await tomorrow’s Consumer Price Index (CPI) inflation data. Here’s what to watch:

🔍 **Key Expectations**:
- **Consensus Prediction**: CPI inflation is expected at 2.9%.
- **Potential Surprises**:
- 37% chance inflation could exceed 2.9%.
- 11% chance it could rise above 3.0%, signaling a troubling trend.

💡 **Why It Matters**:
- A rise above 3.0% would mean inflation has been above 3% in 3 of the last 5 months, possibly prompting the Fed to take a more aggressive stance.
- Conversely, a reading below 3.0% supports a stabilizing economy and aligns with current expectations.

🔮 **What’s at Stake**:
- **Market Reactions**: An unexpected spike in inflation could spark market volatility and affect investor sentiment.
- **Fed’s Next Move**: The data will influence whether the Fed maintains its current policies or opts for further rate hikes.

💸 **Implications of Rate Cuts**:
- **Lower Savings Returns**: Expect reduced yields on money market funds and high-yield savings accounts.
- **Consumer Impact**: Adjustments will be needed as the higher returns of recent years become less attractive.

📅 **Looking Ahead**:
Tomorrow’s CPI data is more than a number—it’s a potential game-changer. The outcome will have significant effects on financial markets, consumer behavior, and monetary policy.

🔗 What’s your prediction? Will inflation surprise us by moving above or below 3.0%?

#Binance #CPI #Inflation #MarketTrends #EconomicData

🔥 Attention Traders! 🔥

Next week on Wednesday, the US CPI Data will be released! 📊

If this data comes in hot, brace yourselves for heightened recession fears and market volatility. 📉

Stay vigilant and be prepared to adjust your strategies accordingly. This could be a major market mover! 🚀

#Write2Earn! #MarketDownturn #EconomicData #RecessionFears #MarketAlert

🔥 Major Events on the Horizon: Prepare for a Big Week in Crypto! 🔥

📈 After a significant market drop, the tension is building again. This week’s U.S. economic calendar is packed with key events that could shake the cryptocurrency market.

📊 On Tuesday, we have the PPI report, a key indicator for predicting inflation. Following that, Wednesday brings the CPI report, offering a broader look at inflation trends. Analysts expect inflation to mirror last month’s rate, but the data will ultimately tell the story.

🛍️ Thursday’s retail sales data will reveal whether consumer spending remains strong. If the numbers show easing inflationary pressures, the Federal Reserve might slow down its rate hikes, potentially boosting the crypto market!

🤔 Sarah House, Senior Economist at Wells Fargo, suggests that the July CPI report may indicate stabilizing inflation, even if it's not yet at the Fed's target level. Michael Gapen, Head of Economics at Bank of America, adds that if the data aligns with expectations, the market might temper its outlook on a sharp rate cut by the Fed in September.

💡 The big question: How will these economic reports impact the crypto market this week? Are you betting on Bitcoin, Ethereum, or perhaps another dark horse?

👇 Share your predictions in the comments! Let’s discuss this week’s market trends and seize those investment opportunities together!

#Investing #Binance #EconomicData #MarketTrends #InvestmentOpportunities