🚨 Urgent: U.S. Wholesale Inventories Rise at a Slower Pace!
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⚖️ New Development:
– U.S. wholesale inventories rose by 0.3% in November, lower than the previous month (0.5%) and below expectations (0.4%)
– Data from the Department of Commerce indicates a slowdown in inventory buildup, with declines in auto and consumer goods sales
– This reflects weak demand, which may support expectations of Fed rate cuts
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💡 Context:
– The U.S. economy shows signs of slowing, with Q4 GDP projected at 2.1%, amid rising inflation and higher interest rates
– This coincides with weak jobs data, affecting the dollar, which is trading at DXY 106
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⚡ Why Should You Care?
– Slowing inventories signal a potential recession, weakening the dollar and boosting Bitcoin and Ethereum as safe-haven assets
– Opens the door for more accommodative Fed policies, stimulating liquidity in Crypto and DeFi markets
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❓Will the slow rise lead to faster rate cuts, and how can the crypto market benefit?
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