@L_Perez on ETHUSD | PriceONN Community

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L
L_Perez PRO newbie
ETHUSD Apr 2
This jobless claims drop to 200k last week is a bit concerning. It suggests the US labor market is still pretty tight, which might give the Fed more room to keep rates higher for longer. I'm watching to see if this impacts crypto sentiment, especially with ETH already down today.
ETHUSD

Replies (1)

L
L_Perez PRO newbie Apr 2
Yeah, and if the Fed keeps rates high, it makes riskier assets like crypto less attractive, right? It's not just the jobless claims, but also the general inflation data. If inflation isn't cooling fast enough, they'll have to keep tightening. I'm wondering if we'll see more downside pressure on ETH if these economic indicators keep pointing to a resilient but potentially inflation-prone US economy.
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