2024-08-01 12:00:01
Hey! 👋

The market’s been steady, but this week’s global economic news could shake things up. Let’s see what’s ahead👇

🤔 Trump’s Tariffs

🔸 Today, Trump’s administration starts sending out letters with tariff rates to countries that didn’t make a deal with the U.S. during the negotiation period;
🔸 Exact rates and criteria for how they were determined haven’t been disclosed yet. However, some “bonus” rates may apply for things like participation in the BRICS organization;
🔸 Tariffs take effect August 1, 2025.

📅 Economic Calendar

🔸 Wednesday: China will release its inflation rate report. Analysts expect it to remain at 0%;
🔸 Friday: Canada will publish its unemployment rate report. According to TradingEconomics, it's expected to rise slightly to 7.1%.

🔓 Altcoin Unlocks

🔸 Today: Jito Labs is set to unlock 3.27% of the $JTO market cap;
🔸 July 10th: Cheelee is scheduled to release into circulation 4.70% of $CHEEL;
🔸 July 11th: Moca Foundation will unlock 7.15% of $MOCA Market Cap.
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