The debate about the upcoming economic recession has been going on since 2022, but it seems that there is increasingly more data supporting this view. I'm not a macroeconomics expert, but most people predict that the US Central Bank will cut interest rates in September.

Although the inflation rate remains higher than target, there is improvement. The US GDP is still trending upwards, while the labor market is showing signs of weakness. Overall economic data will be released this month, including non-farm payroll and unemployment rate data (to be released tomorrow), CPI and PPI data (to be released next week), along with the announcement from the Federal Reserve in two weeks, which will provide insights into future market trends.
If the Fed cuts its basic interest rate by 25 points in two weeks, the cryptocurrency market may tend to be bullish in the fourth quarter; if it cuts its basic interest rate by 50 points, the market will be even more bullish.
#币圈观察员 #美国非农数据即将公布，利好还是利空？