LayerZero and Starknet Confirm Airdrops, El Salvador Announces "Freedom Visa"
Dec 8, 2023
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Market Update The combination of consumer sentiment and unemployment data has provided fuel to support the soft-landing scenario. UMich consumer sentiment came in higher-than-expected (69.4 vs. 62.0), 1-year inflation expectations dropped significantly from 4.5% to 3.1%, and the unemployment rate came in at 3.7% vs. 3.9% expected. Anchored inflation expectations and lower unemployment are giving investors optimism that inflation can retreat while the U.S. avoids a recession, driving the SPX (+0.30%) and NDQ (+0.31%) above $4,600 and $16,000 respectively. Crypto markets are rising with equitie