In the week ending October 18, the number of initial claims for unemployment benefits in the U.S. was 232,000 — worse than expected 📉. This occurred amid an already nervous situation in global markets.
📊 What does this mean?
• The growth of applications is small, but it shows: the labor market is gradually cooling down ❄️
• Due to the U.S. shutdown, some statistics have been missed, and now analysts find it difficult to accurately assess the real dynamics 📉🤷♂️
• A weakening labor market usually leads to rate cuts, but now the chance of a December cut has dropped to 46% (last week it was ~62%) 📉🏦
📉 How are the markets reacting?
• Investors have started to avoid risk — crypto has taken a strong hit ⚡
• Bitcoin has fallen below $90,000 for the first time in 7 months 😱
• Now everyone is waiting for the next report on claims: if the labor market shows weakness again — the chance of a rate cut will increase 📉➡️📉
• If the data turns out to be strong — volatility will only increase 🌪️
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🔍 Summary: the U.S. labor market is sending alarming signals 🚨, which means increased stress for crypto and other risky assets. We are monitoring the next data — it could shift market sentiment in either direction 🔄📈📉
