Discussions about an impending recession have been going on for some time since 2022, and more and more data seem to support this view.
Although I am not a macroeconomic expert, almost all observers are predicting that the Federal Reserve will cut interest rates in September.
Although inflation is still above the target level, it has improved.
Overall US GDP growth remains on an upward trend, while the labor market is beginning to show signs of weakness.
The upcoming macroeconomic data this month, including non-farm payrolls and unemployment (to be released tomorrow), CPI and PPI data (to be released next week), and the Fed statement in two weeks, will provide us with important clues about the future direction of the market. 📈 Want to learn more about the logic of cryptocurrency investment? Please visit my main Ye Jianjie.
If the Fed cuts interest rates by 25 basis points in two weeks, it may drive a bullish trend in the crypto market in the fourth quarter; if the rate cut is 50 basis points, the market's bullish sentiment will be more obvious.
