GDP
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📅 Upcoming Economic Data Releases📈
This week is packed with crucial economic indicators that could sway crypto markets .Here's what to look out for:
- Monday, October 28:🇺🇸 Q3 Real GDP Annualized Quarterly Rate📊
- Preliminary value expected. Will it show growth or contraction?
- Tuesday, October 29:🏦 Q3 Core PCE Price Index Annualized Quarterly Rate💰
- An indicator of inflation trends, this is the Fed's preferred measure.
- Wednesday, October 30:🗓 September Core PCE Price Index Annual Rate
🛒
- Another key inflation gauge, this time for September specifically.
- Thursday, October 31:🎃 October Unemployment Rate👤
- How has the job market fared? This number could be spooky or sweet.
- Friday, November 1:📈 October Non-Farm Employment 💼
- Seasonally adjusted. Will employment numbers surprise us?
Stay tuned as these figures could significantly influence economic forecasts and financial markets! 🎉
#EconomicData ##GDP #Unemployment #PCE #JobsReport
This week is packed with crucial economic indicators that could sway crypto markets .Here's what to look out for:
- Monday, October 28:🇺🇸 Q3 Real GDP Annualized Quarterly Rate📊
- Preliminary value expected. Will it show growth or contraction?
- Tuesday, October 29:🏦 Q3 Core PCE Price Index Annualized Quarterly Rate💰
- An indicator of inflation trends, this is the Fed's preferred measure.
- Wednesday, October 30:🗓 September Core PCE Price Index Annual Rate
🛒
- Another key inflation gauge, this time for September specifically.
- Thursday, October 31:🎃 October Unemployment Rate👤
- How has the job market fared? This number could be spooky or sweet.
- Friday, November 1:📈 October Non-Farm Employment 💼
- Seasonally adjusted. Will employment numbers surprise us?
Stay tuned as these figures could significantly influence economic forecasts and financial markets! 🎉
#EconomicData ##GDP #Unemployment #PCE #JobsReport
US Q4 GDP rises by 2.9%, higher than expectations.
Expectation 2.6% / Previous 3.2%
#GDP #crypto2023 #Binance
Expectation 2.6% / Previous 3.2%
#GDP #crypto2023 #Binance
Key events this week:
✅Wednesday (2PM ET) - #fomc minutes
✅Thursday (8:30AM ET) - #GDP report
✅Friday (8:30AM ET) - PCE index #inflation report
⚠️WARNING: Market volatility⚠️
‼️Trade with caution‼️
#crypto2023 #dyor
✅Wednesday (2PM ET) - #fomc minutes
✅Thursday (8:30AM ET) - #GDP report
✅Friday (8:30AM ET) - PCE index #inflation report
⚠️WARNING: Market volatility⚠️
‼️Trade with caution‼️
#crypto2023 #dyor
#Tokenization , #CBDCs poised to increase Hong Kong’s #GDP by $20.4 billion: study
Experts predict substantial economic growth in Hong Kong driven by tokenization initiatives and potential adoption of CBDCs. A pilot program, led by BCG, Hong Kong Telecom, and ZA Bank, explored tokenizing real-world assets like real estate, aiming to boost Hong Kong's digital economy.
BCG's analysis suggests integrating digital assets could increase Hong Kong's GDP by HK$160 billion (US$20.5 billion) by 2032, contingent on infrastructure development and regulatory support. Tokenization could unlock liquidity in assets worth up to $29 trillion, fostering growth in money distribution, Web3, and cross-border transactions.
Hong Kong is progressing with CBDC plans, completing the first phase of its e-HKD pilot and preparing for programmability and tokenization studies. While CBDCs advance, successes with stablecoins and tokenized deposits showcase Hong Kong's innovative experiments.
BCG's pilot involved blockchain-based tokenization of real estate and e-HKD settlements. Challenges include legal hurdles and complexities in registering transactions with off-chain land registries.
Source - coingeek.com
#CryptoNews🔒📰🚫 #BinanceSquareBTC
Experts predict substantial economic growth in Hong Kong driven by tokenization initiatives and potential adoption of CBDCs. A pilot program, led by BCG, Hong Kong Telecom, and ZA Bank, explored tokenizing real-world assets like real estate, aiming to boost Hong Kong's digital economy.
BCG's analysis suggests integrating digital assets could increase Hong Kong's GDP by HK$160 billion (US$20.5 billion) by 2032, contingent on infrastructure development and regulatory support. Tokenization could unlock liquidity in assets worth up to $29 trillion, fostering growth in money distribution, Web3, and cross-border transactions.
Hong Kong is progressing with CBDC plans, completing the first phase of its e-HKD pilot and preparing for programmability and tokenization studies. While CBDCs advance, successes with stablecoins and tokenized deposits showcase Hong Kong's innovative experiments.
BCG's pilot involved blockchain-based tokenization of real estate and e-HKD settlements. Challenges include legal hurdles and complexities in registering transactions with off-chain land registries.
Source - coingeek.com
#CryptoNews🔒📰🚫 #BinanceSquareBTC
European Economic Indicators Show Slower Growth and Falling Inflation Rates. 🇪🇺🏦
🇪🇺 European Core Consumer Price Index (CPI) (Monthly):
- No change, remains at 0.2%.
- Previous value: 0.2%.
🇪🇺 European Core Consumer Price Index (CPI) (Yearly) (Preliminary):
- Came in at 4.2%, in line with expectations, and below the previous figure of 4.5%.
- Initial prediction: 4.2%.
🇪🇺 European Consumer Price Index (Yearly Inflation Rate) (CPI Yearly) (Oct) (Preliminary):
- Lower than expected at 2.9%, falling below both previous data and forecasts.
- Forecast: 3.1%
- Previous: 4.3%
🇪🇺 European Consumer Price Index (CPI) (Monthly) (Preliminary):
- Lower than forecast, reported at 0.1%.
- Previous: 0.3%.
🇪🇺 European Gross Domestic Product (GDP) (Quarterly) (3rd Quarter) (Preliminary):
- Recorded a decrease of -0.1%, below the expected 0.0%.
- Previous: 0.1%.
🇪🇺 European Gross Domestic Product (GDP) (Yearly) (3rd Quarter) (Preliminary):
- Reported at 0.1%, falling short of the projected 0.2%.
- Forecast: 0.2%
- Previous: 0.5%
These economic indicators provide insight into the current state of the European economy, with some figures coming in below expectations and previous data. In particular, inflation rates have dipped, and GDP growth has slowed in the third quarter. These factors may have implications for the region's economic policies and financial markets in the near future.
#cpi #GDP #EuropeanUnion
🇪🇺 European Core Consumer Price Index (CPI) (Monthly):
- No change, remains at 0.2%.
- Previous value: 0.2%.
🇪🇺 European Core Consumer Price Index (CPI) (Yearly) (Preliminary):
- Came in at 4.2%, in line with expectations, and below the previous figure of 4.5%.
- Initial prediction: 4.2%.
🇪🇺 European Consumer Price Index (Yearly Inflation Rate) (CPI Yearly) (Oct) (Preliminary):
- Lower than expected at 2.9%, falling below both previous data and forecasts.
- Forecast: 3.1%
- Previous: 4.3%
🇪🇺 European Consumer Price Index (CPI) (Monthly) (Preliminary):
- Lower than forecast, reported at 0.1%.
- Previous: 0.3%.
🇪🇺 European Gross Domestic Product (GDP) (Quarterly) (3rd Quarter) (Preliminary):
- Recorded a decrease of -0.1%, below the expected 0.0%.
- Previous: 0.1%.
🇪🇺 European Gross Domestic Product (GDP) (Yearly) (3rd Quarter) (Preliminary):
- Reported at 0.1%, falling short of the projected 0.2%.
- Forecast: 0.2%
- Previous: 0.5%
These economic indicators provide insight into the current state of the European economy, with some figures coming in below expectations and previous data. In particular, inflation rates have dipped, and GDP growth has slowed in the third quarter. These factors may have implications for the region's economic policies and financial markets in the near future.
#cpi #GDP #EuropeanUnion
📊 #Bitcoin and the broader #cryptomarket remain volatile ahead of the US GDP report release.
$BTC is hovering around $60,670, with most top cryptocurrencies in the red.
A strong #GDP could mean stable interest rates, while a weak GDP might prompt rate cuts.
#Marketupdate #TrendingTopic
$BTC is hovering around $60,670, with most top cryptocurrencies in the red.
A strong #GDP could mean stable interest rates, while a weak GDP might prompt rate cuts.
#Marketupdate #TrendingTopic
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US GDP Growth Surpasses Expectations, Bitcoin Struggles Around $40,000 Amidst Crypto Futures Uncertainty
$BTC $ETH $SOL
The US recently reported a growth of 3.3% in gross domestic product (GDP), which was higher than economists' estimate of 2%.
This report comes in Q4 and shows that the economy is almost progressing with price growth of 3.4% in December.
Bitcoin, which crossed $40,000 yesterday morning, is now trading around $39,817. The cryptocurrency saw BTC trading volume of almost $30 billion yesterday, according to data from CoinGecko.
The US GDP report has come in the doldrums, but cryptocurrency futures worth billions are likely in the near future.
According to Derebit's Chief Commercial Officer Luuk Strijers, approximately $3.7 billion of BTC options notional open interest are about to expire, with a maximum pain level of $41,000. There is also approximately $2 billion of options notional open interest for ETH, in which the maximum pain level is $2,300.
Traders are reluctant to let their contracts expire yet, indicating a high level of activity in January and February expiries.
#GDP #BTC🔥🔥 #ETH #Ethereum
$BTC $ETH $SOL
The US recently reported a growth of 3.3% in gross domestic product (GDP), which was higher than economists' estimate of 2%.
This report comes in Q4 and shows that the economy is almost progressing with price growth of 3.4% in December.
Bitcoin, which crossed $40,000 yesterday morning, is now trading around $39,817. The cryptocurrency saw BTC trading volume of almost $30 billion yesterday, according to data from CoinGecko.
The US GDP report has come in the doldrums, but cryptocurrency futures worth billions are likely in the near future.
According to Derebit's Chief Commercial Officer Luuk Strijers, approximately $3.7 billion of BTC options notional open interest are about to expire, with a maximum pain level of $41,000. There is also approximately $2 billion of options notional open interest for ETH, in which the maximum pain level is $2,300.
Traders are reluctant to let their contracts expire yet, indicating a high level of activity in January and February expiries.
#GDP #BTC🔥🔥 #ETH #Ethereum
we have some big news coming:
#GDP growth rate
#personal_spending
#personal_income
#core_pce_price_index
All of it will be negatieve for the dollar and therefore wil contribute to the rise of the gold and #BTC
#GDP growth rate
#personal_spending
#personal_income
#core_pce_price_index
All of it will be negatieve for the dollar and therefore wil contribute to the rise of the gold and #BTC
🔶 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
🔶 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
📉 Elon Musk Predicts Economic Turbulence for the U.S.!
🚨 Elon Musk recently took to Twitter (now X) to make a startling claim: **“America is going bankrupt.”** This comment was in response to a sarcastic tweet by Dogecoin co-founder Billy Markus about tax dollars funding government mishaps.
🔍 **Economic Slowdown:** The U.S. economy has hit a rough patch:
- **Q1 2024 GDP Growth:** 1.4%, a sharp decline from 3.4% in Q4 2023.
- **Q3 2024 Predictions:** Growth expected to slow to around 1%.
💸 **Consumer Spending:**
- High prices and interest rates are causing people to spend less.
- Consumer spending, which makes up 70% of the U.S. economy, is cooling off.
- Retail sales, however, have shown some strength.
💼 **Job Market:**
- Unemployment rate rose to 4.1% in June 2024.
- Job openings have decreased, but the labor market is stabilizing.
- Federal Reserve Chair Jay Powell sees positive signs from inflation control efforts.
📊 **Recession Concerns:**
- Mixed signals from the labor market, with the Sahm rule not indicating a clear recession.
- Top economists at Vanguard and the Conference Board don’t foresee a 2024 recession.
🌍 **Global Factors:**
- High U.S. debt levels and trade tensions are worrisome.
- Funding for Ukraine and Israel adds to economic uncertainty.
🏛️ **2024 Elections:**
- Potential policy changes could impact growth if Donald Trump wins.
🔮 Despite the uncertainties, analysts remain cautiously optimistic for a 2% growth rate later in the year if inflation eases and interest rates drop. Stay tuned as we navigate these economic twists and turns!
#usgovernment #ElonMuskUpdates #GDP #Inflation #ElonMuskTalks
🚨 Elon Musk recently took to Twitter (now X) to make a startling claim: **“America is going bankrupt.”** This comment was in response to a sarcastic tweet by Dogecoin co-founder Billy Markus about tax dollars funding government mishaps.
🔍 **Economic Slowdown:** The U.S. economy has hit a rough patch:
- **Q1 2024 GDP Growth:** 1.4%, a sharp decline from 3.4% in Q4 2023.
- **Q3 2024 Predictions:** Growth expected to slow to around 1%.
💸 **Consumer Spending:**
- High prices and interest rates are causing people to spend less.
- Consumer spending, which makes up 70% of the U.S. economy, is cooling off.
- Retail sales, however, have shown some strength.
💼 **Job Market:**
- Unemployment rate rose to 4.1% in June 2024.
- Job openings have decreased, but the labor market is stabilizing.
- Federal Reserve Chair Jay Powell sees positive signs from inflation control efforts.
📊 **Recession Concerns:**
- Mixed signals from the labor market, with the Sahm rule not indicating a clear recession.
- Top economists at Vanguard and the Conference Board don’t foresee a 2024 recession.
🌍 **Global Factors:**
- High U.S. debt levels and trade tensions are worrisome.
- Funding for Ukraine and Israel adds to economic uncertainty.
🏛️ **2024 Elections:**
- Potential policy changes could impact growth if Donald Trump wins.
🔮 Despite the uncertainties, analysts remain cautiously optimistic for a 2% growth rate later in the year if inflation eases and interest rates drop. Stay tuned as we navigate these economic twists and turns!
#usgovernment #ElonMuskUpdates #GDP #Inflation #ElonMuskTalks
GDP at current prices. 🇮🇩vs🇹🇷
2003:
🇮🇩 Indonesia: $255 billion
🇹🇷 Turkey: $314 billion
2023:
🇮🇩 Indonesia: $1.4 trillion (5.49x)
🇹🇷 Turkey: $1.1 trillion (3.5x)
(IMF)
#Turkey #Indonesia #GDP #IMF
2003:
🇮🇩 Indonesia: $255 billion
🇹🇷 Turkey: $314 billion
2023:
🇮🇩 Indonesia: $1.4 trillion (5.49x)
🇹🇷 Turkey: $1.1 trillion (3.5x)
(IMF)
#Turkey #Indonesia #GDP #IMF
The Bank of Spain estimates that the Spanish public debt will be over 100% of GDP in 2025. The financial entity has published a report in which it indicates that the increase in interest rates would increase the financial burden of the public debt, which could make it difficult to meet deficit reduction objectives.
According to the report, Spanish public debt stood at 111.6% of GDP in December 2022. The Bank of Spain estimates that public debt will be reduced to 108.2% of GDP in 2023 and 107.6% of GDP in 2024. However, the financial institution warns that the increase in interest rates could increase the financial burden of public debt, which could make it difficult to meet the deficit reduction objectives.
The report points out that increasing interest rates would raise the cost of repaying public debt. This is because the Spanish Government has a large amount of long-term public debt, which is indexed to interest rates.
Rising interest rates could also reduce demand for Spanish public debt. This is because investors will look for more profitable investment opportunities in other countries.
The Bank of Spain recommends that the Spanish Government adopt measures to reduce the public deficit and increase the competitiveness of the Spanish economy. These measures would help reduce the financial burden of public debt and improve the sustainability of public finances.
#GDP #Spain
According to the report, Spanish public debt stood at 111.6% of GDP in December 2022. The Bank of Spain estimates that public debt will be reduced to 108.2% of GDP in 2023 and 107.6% of GDP in 2024. However, the financial institution warns that the increase in interest rates could increase the financial burden of public debt, which could make it difficult to meet the deficit reduction objectives.
The report points out that increasing interest rates would raise the cost of repaying public debt. This is because the Spanish Government has a large amount of long-term public debt, which is indexed to interest rates.
Rising interest rates could also reduce demand for Spanish public debt. This is because investors will look for more profitable investment opportunities in other countries.
The Bank of Spain recommends that the Spanish Government adopt measures to reduce the public deficit and increase the competitiveness of the Spanish economy. These measures would help reduce the financial burden of public debt and improve the sustainability of public finances.
#GDP #Spain
📅 Key Economic Events happening this week:
➔ 8/13 | 6:00 GMT | UK | Unemployment Rate
➔ 8/13 | 12:30 GMT | US | PPI
➔ 8/14 | 6:00 GMT | UK | CPI
➔ 8/14 | 9:00 GMT | EU | GDP
➔ 8/14 | 12:30 GMT | US | CPI
➔ 8/15 | 12:30 GMT | US | Retail Sales
#UnemploymentRate #cpi #PPI #GDP #RetailSales
➔ 8/13 | 6:00 GMT | UK | Unemployment Rate
➔ 8/13 | 12:30 GMT | US | PPI
➔ 8/14 | 6:00 GMT | UK | CPI
➔ 8/14 | 9:00 GMT | EU | GDP
➔ 8/14 | 12:30 GMT | US | CPI
➔ 8/15 | 12:30 GMT | US | Retail Sales
#UnemploymentRate #cpi #PPI #GDP #RetailSales
The Economist Ranks Top Economies of 2023.
The Economist recently released its ranking of the best-performing economies in 2023, considering five key economic and financial indicators—inflation, inflation breadth, gross domestic product (GDP), employment, and stock market performance—across 35 countries.
Top Performers:
1. Greece:
Despite recent economic crises, Greece secured the top spot for the second consecutive year. The country's stock market saw an impressive increase of over 40%, attributed to market-friendly reforms and renewed investor interest.
2. South Korea:
Claiming the second position, South Korea benefited from its central bank's aggressive interest rate hikes in 2022, resulting in a decrease in inflation breadth.
3. United States:
The U.S. ranked third, showcasing strong performance in both GDP and employment. The record-high energy production and generous financial stimulus implemented in 2020 and 2021 contributed to its success.
4. Israel:
Despite conflicts with Palestine, Israel secured the fourth position in the overall ranking, recognizing its robust economic performance.
Other Notable Rankings:
- Canada (6th): Positioned as the sixth-best-performing economy.
- Chile (7th): Secured the seventh spot in the ranking.
Focus on Turkey:
- Turkey (15th, tied with Estonia):
Turkey claimed the 15th position, sharing it with Estonia. Noteworthy is the 20.6% increase in stock prices within the country.
The Economist's data reflects the global economic landscape, emphasizing the significance of factors such as digital transformation and increased market competition in driving economic success.
#TheEconomist #Turkey #economist #economy #GDP
The Economist recently released its ranking of the best-performing economies in 2023, considering five key economic and financial indicators—inflation, inflation breadth, gross domestic product (GDP), employment, and stock market performance—across 35 countries.
Top Performers:
1. Greece:
Despite recent economic crises, Greece secured the top spot for the second consecutive year. The country's stock market saw an impressive increase of over 40%, attributed to market-friendly reforms and renewed investor interest.
2. South Korea:
Claiming the second position, South Korea benefited from its central bank's aggressive interest rate hikes in 2022, resulting in a decrease in inflation breadth.
3. United States:
The U.S. ranked third, showcasing strong performance in both GDP and employment. The record-high energy production and generous financial stimulus implemented in 2020 and 2021 contributed to its success.
4. Israel:
Despite conflicts with Palestine, Israel secured the fourth position in the overall ranking, recognizing its robust economic performance.
Other Notable Rankings:
- Canada (6th): Positioned as the sixth-best-performing economy.
- Chile (7th): Secured the seventh spot in the ranking.
Focus on Turkey:
- Turkey (15th, tied with Estonia):
Turkey claimed the 15th position, sharing it with Estonia. Noteworthy is the 20.6% increase in stock prices within the country.
The Economist's data reflects the global economic landscape, emphasizing the significance of factors such as digital transformation and increased market competition in driving economic success.
#TheEconomist #Turkey #economist #economy #GDP
💥💥💥 #Bitcoin as Safe Haven: #BlackRock CEO Exposes Global Economic Crisis
BlackRock CEO Larry Fink Addresses G7 Leaders on Global Financial System Shift
- Larry Fink, CEO of BlackRock, recently addressed the G7 leaders, emphasizing a significant shift in the global financial landscape towards capital markets as the primary source of private-sector financing. He called for innovative strategies to unlock financial potential, moving away from traditional bank balance sheet models.
Fink's "Growth Dilemma"
- Fink highlighted a "growth dilemma" affecting both emerging and established economies. He noted that while reforms have directed billions into infrastructure in developing countries, a new approach is needed to unlock capital. To address this, Fink announced the formation of the Investor Coalition, including BlackRock, GIP, and KKR, committing $25 billion to Asia’s emerging economies with plans to replicate this in Africa.
Economic Challenges and Bitcoin's Role
- Fink pointed out that with G7 countries averaging a debt-to-#GDP ratio of 129%, traditional methods like taxation and spending cuts are insufficient. Bitcoin has emerged as a potential safe haven amid these challenges, attracting significant interest from large institutional players like Franklin Templeton, Fidelity, and BlackRock. Bitcoin offers higher returns and low correlation with equities, especially during market turmoil, making it an attractive safe haven.
Spot #BitcoinETFs and Institutional Demand
- The introduction of spot Bitcoin ETFs in the US has seen strong demand, with over $15 billion in net inflows since January 2024. These ETFs benefit from Bitcoin’s asymmetric returns and reliability during economic instability.
Summary
Fink's address to the G7 highlighted the growing role of capital markets and the potential of Bitcoin as a safe haven, reflecting a shift in global financial strategies to foster economic growth amid evolving challenges.
Source - beincrypto.com
BlackRock CEO Larry Fink Addresses G7 Leaders on Global Financial System Shift
- Larry Fink, CEO of BlackRock, recently addressed the G7 leaders, emphasizing a significant shift in the global financial landscape towards capital markets as the primary source of private-sector financing. He called for innovative strategies to unlock financial potential, moving away from traditional bank balance sheet models.
Fink's "Growth Dilemma"
- Fink highlighted a "growth dilemma" affecting both emerging and established economies. He noted that while reforms have directed billions into infrastructure in developing countries, a new approach is needed to unlock capital. To address this, Fink announced the formation of the Investor Coalition, including BlackRock, GIP, and KKR, committing $25 billion to Asia’s emerging economies with plans to replicate this in Africa.
Economic Challenges and Bitcoin's Role
- Fink pointed out that with G7 countries averaging a debt-to-#GDP ratio of 129%, traditional methods like taxation and spending cuts are insufficient. Bitcoin has emerged as a potential safe haven amid these challenges, attracting significant interest from large institutional players like Franklin Templeton, Fidelity, and BlackRock. Bitcoin offers higher returns and low correlation with equities, especially during market turmoil, making it an attractive safe haven.
Spot #BitcoinETFs and Institutional Demand
- The introduction of spot Bitcoin ETFs in the US has seen strong demand, with over $15 billion in net inflows since January 2024. These ETFs benefit from Bitcoin’s asymmetric returns and reliability during economic instability.
Summary
Fink's address to the G7 highlighted the growing role of capital markets and the potential of Bitcoin as a safe haven, reflecting a shift in global financial strategies to foster economic growth amid evolving challenges.
Source - beincrypto.com
🗣️ Key insights from Fed member Williams:
• The Fed is prepared to start cutting interest rates. • US GDP growth is likely to reach 2.5% this year. • Inflation is expected to be close to 2% next year. • The unemployment rate remains low despite recent increases. • Inflation is forecasted to be 2.25% this year.
Big changes could be coming for the economy! 📊 #Economy #InterestRates #Inflation #GDP #MarketUpdate
• The Fed is prepared to start cutting interest rates. • US GDP growth is likely to reach 2.5% this year. • Inflation is expected to be close to 2% next year. • The unemployment rate remains low despite recent increases. • Inflation is forecasted to be 2.25% this year.
Big changes could be coming for the economy! 📊 #Economy #InterestRates #Inflation #GDP #MarketUpdate
