Thread by @The_BTC_Express

Inflation reported at 8.5%, which is better than the expected 8.7%!! #Crypto Markets in green!!✅✅✅

so does this mean we just survived a recession?

Well, there are 3 upcoming event you MUST know about 🧵👇

1) Unemployment Release - September 2, 2022

Politicians have a hard time stating we are in a recession since the unemployment rate is so low. Last report came in at only 3.5%.

If we get a rate of 3.5% or lower at the next release = bullish

2) August CPI Report - September 13, 2022

This next CPI report along with the unemployment rate will lead us to the the most important decision of all, and that's whether the FED will lower or increase interest rates at the next meeting.

3) Fed Meeting - September 21, 2022

Depending on the outcome of the numbers previously shown, the FED will decide how much they'll raise interest rates by👇

if numbers bad = 75 basis points to 100 basis points increase - this would likely crash markets

if numbers good = increase of potentially 50 basis points or lower - this would be seen as bullish for the market and a sign that inflation may have peaked.

We are from from over...8.5% inflation is still VERY HIGH!! it's just better than what we expected, but still not good...

you can always stay updated as well by following me on YouTube!! 😎👇