$DOGE
1️⃣ Core Retail Sales m/m
Actual: 0.0% | Forecast: 0.3% | Previous: 0.4%
What does it mean?
Core Retail Sales = Consumer spending excluding cars
0.0% means → Consumers did not spend more compared to the previous month
Explanation:
Much worse than the forecast
Consumer spending is weak
Signal of a slowing US economy ⚠️
👉 Bearish for USD
2️⃣ Retail Sales m/m
Actual: 0.0% | Forecast: 0.4% | Previous: 0.6%
What does it mean?
Total consumer spending (including cars)
It was 0.6% last month, now it's 0.0% 😬
Explanation:
Clearly, consumer demand has decreased
There is pressure for inflation to decrease
Pressure on the Fed: to lower interest rates
👉 This is also bearish for USD
3️⃣ Employment Cost Index q/q
Actual: 0.7% | Forecast: 0.8% | Previous: 0.8%
What does it mean?
How quickly wages and benefits for workers are increasing
A decrease means → wage inflation is slowing
Explanation:
Inflation pressure is low
Fed may become more dovish (soft)
The probability of a rate cut increases 📉
👉 Again, bearish for USD
🔥 Overall Macro Picture
These three pieces of data together indicate 👇
The US economy is slowing
Consumers are weak
Inflation pressure is low
Expectations for Fed rate cuts increase
🚀 Is there an impact on the Crypto market?
Yes, there is — and it's significant.
👉 Crypto (BTC, ETH, Altcoins) = BULLISH 🔥
📊 Real-life example
Historically observed:
➡️ Bitcoin moves first.
