Altcoins Set to Rise as Recession Indicators Flash

What is the Sahm Rule Recession Indicator?

Benjamin Cowen, a well-known crypto analyst, has recently discussed the Sahm Rule Recession Indicator and its implications for the cryptocurrency market. This indicator, developed by economist Claudia Sahm, signals a potential recession when the three-month moving average of the national unemployment rate increases by 0.50 percentage points or more from its lowest point in the previous 12 months. The indicator reached 0.53 percentage points in July, as reported by the Federal Reserve Bank of St. Louis.