🇺🇸 1. Federal Reserve & Interest Rate

The Fed maintains the interest rate in the high range of (around 5.25%) to combat inflation that has not fully decreased.

Jerome Powell's recent statement was hawkish → signaling the possibility of another rate increase if inflation data rises.

This makes investors more cautious and negatively impacts risk assets like crypto and stocks.

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📈 2. Inflation & Economic Data

CPI (Consumer Price Index) for July shows inflation is still somewhat hot: up about 0.3% MoM.

But PCE (Personal Consumption Expenditure) is somewhat more tame.

The unemployment rate remains stable at around 4.0%, indicating that the labor market is still strong but not too hot.