Unemployment benefit data just released
Lower than the previous and expected values, bearish for the cryptocurrency circle
The latest data shows that the US economy grew at an annualized rate of 3% in the second quarter, consistent with the second estimate and higher than the 1.4% annualized growth rate in the first quarter.
In addition, the US economy grew faster than initially expected in 2023 due to an upgrade in corporate investment and consumer spending despite the Fed's sharp rate hikes. The US GDP growth rate in 2023 was revised to 2.9%, higher than the previously expected 2.5%.
Expectations for the next 50-point rate cut have also been rising. The violent bull market is not far away. Are you ready for bullets?
