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Manator.eth π©πππ
@manator
The # of people claiming unemployment benefits in the US just jumped by 8k to 229k. Well above expectations of 220k, to record the highest reading since the 8 mth high of 232k from May. The results show a softening US labor market & are π for rate cuts. https://tradingeconomics.com/united-states/jobless-claims
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peyman ππ© π
@peymanbn
Do you think the interest rate will decrease?
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Manator.eth π©πππ
@manator
I think so. EU and Canada already announced their first cut.
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peyman ππ© π
@peymanbn
Jerome Powell reaction to this issueπ₯±π
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Manator.eth π©πππ
@manator
Haha yeah I think they will need to move because of the election π
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