Mo 08/09 | Daily Crypto & Macro News
Happy Monday all. If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ Tariffs were pitched as the fix for America’s trade deficit, but it's up 31% YoY to a record high.
→ The bond market is now pricing in 3 rate cuts by year-end and 3 more in 2026, bringing the Fed Funds Rate down to 2.83%.
→ The US Unemployment Rate is now 0.9% above the cycle low, and historically a recession has started on average 3 months before that move.
→ The US Unemployment Rate moved up to 4.3% in August, the highest level since October 2021, with the…
The skinny
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