$ETH Jobless Claims index increases, PMI increases too much contradiction, let’s analyze together.

The increase in Jobless Claims may not necessarily be due to a weakening 'economic health', but because businesses are cautious with the policy environment (tariffs, trade, interest rates).

→ This could be a short-term 'frictional shock', not necessarily a labor recession.

• PMI increases: reflects that 'end-demand' is still good, meaning American consumers are still spending, businesses still have orders.

→ The real economy is still strong, not in sync with labor signals.

How does the Fed view this?

• The Fed has a dual focus: inflation (through PMI, input prices) and the labor market (through Jobless Claims, NFP).

• If PMI remains high, it means demand and input prices are still hot → inflation is not sustainably decreasing, and the Fed will not dare to cut interest rates.

• An increase in Jobless Claims for several consecutive weeks may only make the Fed 'soften its tone', but not enough reason to change course if PMI and consumption remain strong.

Currently, PMI reflects that purchasing power and production capacity in the U.S. remain stable, while Jobless Claims only show that businesses are temporarily 'braking' hiring due to uncertain macroeconomic conditions.

👉 Therefore, the Fed will prioritize maintaining interest rates rather than cutting them early.

This makes it difficult for crypto to explode in the short term, it’s really tight, guys. $INJ