🇺🇸 Unemployment benefit applications in the US remained at 236K, below the expected 244K. This indicates that layoffs are limited. However, there is a serious warning signal in the details: Continuing unemployment claims rose to 1.974 million, the highest level since November 2021. This indicates difficulties in returning to work. Therefore, a balance has formed in the labor market of 'no layoffs, but weak hiring.' For markets expecting the Fed to accelerate interest rate cuts, this data carries mixed signals: positive for the dollar in the short term, but concerns about economic cooling in the long term. For crypto, this could create fluctuations in the timing of interest rate cut expectations.

📉 The path for interest rate cuts does not seem clear for now; data tracking will continue.

‼️ This is not investment advice.

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