BTCUSDT U.S. Initial Jobless Claims drop to 219K—lowest since May.
Economic momentum accelerates with Philly Fed Manufacturing Index showing unexpected strength. The 50bps Fed rate cut is making waves, fueling this growth.
NDQNVDASPX The market may be heading for and repeating a 2007 moment. The market actually bounced back and posted an all-time high when the Fed cut rates 50bps back in 2007. Then, at the start of November in 2007, a mega bearish market began. Everyone knows when the Fed cuts rates 50bps there has been 100% market crash history.
BTCUSDT The number of initial jobless claims in the United States for the week ending September 14 was 219,000, the lowest since the week ending May 18, 2024. The expected number was 230,000, and the previous value was revised from 230,000 to 231,000. The number of continuing jobless claims in the United States for the week ending September 7 was 1.829 million, the expected number was 1.854 million, and the previous value was revised from 1.85 million to 1.843 million.