It has been definitely increasing since Jan 2024. Yesterday, the actual figure of it was higher than forecast.
The U.S. unemployment rate(YoY, Year of Year) will be released soon. The Cons(Consensus) is 3.9%. But, I forecast the actual figure will be likely 4.0% based on the recent labor market data.
I uploaded this data a few days ago. The U.S. JOLTs Job Openings have been decreasing.
Next week, the U.S. CPI(Consumer Price Index) (YoY) will be released. Then, the Fed interest rate decision is coming.
If the unemployment rate is more than expected, and the CPI is less than expected, the federal funds rate cut would be earlier than expected, which means the crypto market participants will be cheering.
If my forecast is right, I expect that the BTC price will record a new ATH(All Time High), and the altcoin marketcap will be growing up to 2 times during this summer.
This comment is for rewarding my analysis activities. Upvotings will be proceeded by @h4lab and @upex
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Upvoted! Thank you for supporting witness @jswit.
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Congratulations, your post has been upvoted by @upex with a 100.00% upvote. We invite you to continue producing quality content and join our Discord community here. Keep up the good work! #upex
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