The 🇺🇸 JOLTs(Job Openings and Labor Turnover Survey) Job Openings has been decreasing. I think it will likely affect to increase the U.S. unemployment rate. So, the BTC(Bitcoin) price has increased yesterday.
The 🇺🇸 unemployment rate will be released within a few days. The forecast is 3.9%. Based on the recent data, It's likely more than expected.
The figure, 4.0%, is a very important figure for the Fed. If it breaks 4.0%, the first interest rate cut will start this month or July. I think the Fed is more sensitive to the unemployment rate rather than the CPI(Consumer Price Index) when they start the first interest rate cut.
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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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