#BTC Today's focus on macro data

Unemployment data, especially changes in the number of initial unemployment claims, is one of the important factors that the Federal Reserve considers when formulating monetary policy. When unemployment data shows an upward trend, it usually means that the job market is in poor condition and the labor market may be experiencing weakness, which will put pressure on overall economic growth.

In this case, the Federal Reserve may consider cutting interest rates to stimulate the economy. Cutting interest rates can reduce loan costs, encourage companies to increase investment, and increase consumer purchasing power, thereby promoting economic growth and improvement in the job market. Therefore, rising unemployment data may increase the pressure and possibility of the Federal Reserve to cut interest rates. #美联储降息