๐บ๐ธ Key Events This Week:
1. Monday, ISM Services PMI:
Services make up 70% of the U.S. economy; anything above 50 indicates that growth is holding.
2. Tuesday, ADP Weekly Employment Change:
Private hiring beat expectations in the latest reading, so this will show whether the hiring momentum continues.
3. Wednesday, Mortgage Rates:
Shows how costly it is to borrow for a home; higher rates add pressure to housing demand.
4. Thursday, Initial Jobless Claims:
Tracks new unemployment claims, so a sharp rise would be an early sign that layoffs are increasing.
5. Friday, Michigan Consumer Sentiment:
Shows how confident Americans feel about the economy and their inflation expectations.
Taken together, these reports will reflect the overall health of the U.S. economy.
$BTC
1. Monday, ISM Services PMI:
Services make up 70% of the U.S. economy; anything above 50 indicates that growth is holding.
2. Tuesday, ADP Weekly Employment Change:
Private hiring beat expectations in the latest reading, so this will show whether the hiring momentum continues.
3. Wednesday, Mortgage Rates:
Shows how costly it is to borrow for a home; higher rates add pressure to housing demand.
4. Thursday, Initial Jobless Claims:
Tracks new unemployment claims, so a sharp rise would be an early sign that layoffs are increasing.
5. Friday, Michigan Consumer Sentiment:
Shows how confident Americans feel about the economy and their inflation expectations.
Taken together, these reports will reflect the overall health of the U.S. economy.
$BTC