US Recession: Is Another Stock And Crypto Selloff Ahead?

Quick Summary:

Although some experts have allayed concerns over the economic woes, aiding a recovery in the broader market, some are still staying on the sideline seeking more cues before entering the investment arena.

The US Recession fears have fueled concerns among the market participants, as evidenced by the recent selloff in the financial market.

Initial jobless claims came in softer than anticipated, and the unemployment rate exceeded 4.3%, triggering the Sahm Rule, a key recession indicator.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: IndiaJapan

Topics: Crypto Market 24/7 Cryptocurrency News Stock Market US recession Goldman Sachs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 21:20:27 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 49 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21973782

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Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 10 hours ago

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