🇺🇸 unemployment rate will be released soon.
The forecast of the U.S. unemployment rate is 3.9%. The trend of the rate is increasing. So, it's possible that the rate will be higher than expected.
If the unemployment rate is higher than the forecast, cryptos and U.S. stocks will be able to soar. Cause, if the rate is higher than 4.0%, the Fed can't continuously retain the tightening monetary policies. So, I think the time of the federal funds rate cut is coming.
By the way, if the unemployment rate is more than 4.0%, but, the U.S. GDP growth rate is increasing, is it coming the Goldilocks which is the economic growth without recessions? If so, the forecast of the U.S stock market and the crypto market is positive next year.
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So like you mean its an advantage to the crypto industry?