The latest U.S. jobless claims came in at 214K, beating the forecast of 224K and down from the previous week's 224K level. This better-than-expected labor market data suggests continued economic resilience, which could impact Fed policy decisions and broader market sentiment. Stronger employment figures typically reduce pressure for aggressive rate cuts, potentially affecting risk asset prices including cryptocurrencies. Traders watching macroeconomic indicators should keep tabs on how this trend develops, as labor market strength remains a key gauge for inflation and monetary policy direction.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
6
Repost
Share
Comment
0/400
HypotheticalLiquidator
· 10h ago
The employment data looks good, but it's poison. The Federal Reserve's rate cut dream is shattered, and the crypto world is going to suffer.
View OriginalReply0
BloodInStreets
· 10h ago
Good employment data makes you want to indulge in chicken legs, but in the end, isn't it just the hawkish stance of the Federal Reserve scaring you back? Right now, those bottom-fishers are just the bagholders.
View OriginalReply0
GamefiHarvester
· 10h ago
The Federal Reserve won't cut interest rates again, and the crypto circle will be cut again.
View OriginalReply0
GateUser-bd883c58
· 10h ago
The Federal Reserve won't cut interest rates, and the crypto world is about to take a hit again
View OriginalReply0
VibesOverCharts
· 10h ago
Employment data is improving again, and the Federal Reserve has to hold off on cutting interest rates. This is really..."bearish" for the crypto world.
View OriginalReply0
SeasonedInvestor
· 10h ago
The Federal Reserve will have to continue raising interest rates, and this wave in the crypto circle is probably going to pull back again...
The latest U.S. jobless claims came in at 214K, beating the forecast of 224K and down from the previous week's 224K level. This better-than-expected labor market data suggests continued economic resilience, which could impact Fed policy decisions and broader market sentiment. Stronger employment figures typically reduce pressure for aggressive rate cuts, potentially affecting risk asset prices including cryptocurrencies. Traders watching macroeconomic indicators should keep tabs on how this trend develops, as labor market strength remains a key gauge for inflation and monetary policy direction.