🔥🔥🔥Attention to MACRO DATA🔥🔥🔥

1. 💵 The total number of people receiving unemployment benefits: 1,867 thousand received - not significantly lower than the forecast (1,870 thousand) and slightly higher than the report level (1,858 thousand).

👉This indicates stabilization of the labor market.

2. 💵Core Retail Sales: The report came in at 0.5%, above expectations (0.1%) and above the previous report (0.2%).

👉This indicates an improvement in activity in the retail sector and strengthening consumer demand (the economy is stable).

3. 💵 Initial Jobless Claims: 241K received, as expected by investors in the forecast - slightly lower than the previous report (260K)

👉A positive signal for the labor market and economic stability, the number of new unemployed has decreased.

🔥🔥🔥Conclusion: the data shows positive changes in the manufacturing sector, retail trade and the labor market - which means the economy is stable and a soft landing (growth without a recessionary collapse) is still likely, this may "slow down the pace" of the Fed rate cut, as well as locally "strengthen the dollar" (locally negative for the markets), but, thanks to such data, investors in the 4th quarter will be "calmer" investing in the market, understanding that the situation in the economy is stable. (today the economy is on a slower, but soft and stable trajectory of reversal into growth, and not a fast, hard and painful one, as in March 2020).🔥🔥🔥

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