#USLowestJobsReport ๐จ US Jobless Claims Spike to 263K โ Highest Since Oct 2021
Weekly Claims Overshoot Forecasts
The latest US jobless claims report shows:$BTC
๐ Actual: 263K (Sept 6)
๐ Forecast: 235K
This marks the highest weekly claims since October 2021, signaling deeper cracks in the US labor market.
Why It Matters
The jobs market is cooling sharply, adding pressure on the Fed to deliver rate cuts.
Markets are now fully pricing in three cuts this year.
But a sticky CPI trend could complicate the Fedโs easing path.
Powellโs Dilemma ๐$ETH
Federal Reserve Chair Jerome Powell now faces a crucial decision:
โ Go bigger, faster with rate cuts to support a weakening economy
โ Or hold back if inflation remains stubbornly high
Market & Crypto Impact ๐
Equity markets may cheer weaker jobs data, anticipating policy easing.
For Bitcoin and crypto, rate cuts = more liquidity entering risk assets.
Sticky inflation, however, could slow momentum โ making CPI data the next key trigger for market direction.
๐ Key Takeaways:$BTC
Jobless claims jump to 263K, worst since Oct 2021
Markets now expect 3 Fed cuts in 2025
CPI remains the wildcard for Powellโs policy decisions
Liquidity expansion supports Bitcoin & crypto bull cycle
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