This month's forecast stands at 5.2%. Even if the number slightly dips below, it's a reassuring sign of the robustness of the US economy. Amidst talks of an impending recession this year, these figures might just paint a different picture. Brace yourselves, because when the results are out, brace yourselves for potential impacts on BTC prices. Personally, I'm leaning towards a positive perspective on this one! 🤗
#gdp #initial #jobless #claims #macroeconomics
Speaking of forecasts, initial jobless claims in the US are estimated to be around 214k, hinting at stability in this area.
However, history teaches us valuable lessons. Post the U.S. stock indices reaching previous All-Time Highs, we've seen four instances of recessions in 1929, 1973, 2000, and 2008. It's a reminder to tread cautiously and consider the possibility of another recession looming on the horizon next year.
Let's not forget the 10y-3m bonds yield spread chart. Its recent fluctuations, initially on the path to recovery and now experiencing a downturn, hint at possible delays in the onset of a future recession, possibly for various reasons.
