US consumer confidence falls to lowest since 2014
- —Confidence declined for a third straight month to the weakest since April 2014
- —28.4% expect fewer available jobs, up from 26.1% previously
- —Households plan to cut spending on services such as hotels, flights and cinema
Why it matters: Weaker consumer demand could push the Fed toward rate cuts, a backdrop that has historically supported bitcoin and risk assets.
Source: Crypto Insiders