US Unemployment Claims Rise‼️ Another Signal for Rate Cuts✂️📊🧾

The US unemployment claims were released today by the Department of Labor, showing that 241,000 people filed for jobless benefits over the past week. That’s well above both the forecast of 224,000 and last week's 223,000 figure, a clear indication that the job market is cooling.

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This report follows closely on the heels of yesterday’s Core PCE (Personal Consumption Expenditures) Price Index data, which showed 0.0% month-over-month inflation. That figure sharply undercut the prior month’s 0.5%, signaling that inflationary pressure is rapidly fading. Lower inflation plus rising unemployment gives the Federal Reserve more than enough cover to begin considering interest rate cuts.

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While the Fed maintains its independence, it’s hard to ignore the political climate. With Trump repeatedly pressuring Powell for lower rates, this economic data provides the Fed chair with a clean excuse: act now, and claim it’s purely data-driven. The timing couldn’t be more convenient with a major FOMC decision due on May 7.

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And now, the fact that Bitcoin is pumping confirms it: investors are also realizing the Fed may finally be ready to pivot toward rate cuts.