U.S. unemployment benefits data exceeds expectations, what signals does it send?

【Crypto World】Latest data shows that the number of initial jobless claims in the United States for the week ending January 17 is 200,000, better than the market expectation of 210,000. The previous data has also been slightly revised (from 198,000 to 199,000).

This data may seem dull, but it has some significance for the crypto circle. Fewer unemployment benefit applications indicate that the US labor market remains resilient, which will directly affect the Federal Reserve’s judgment on inflation and employment conditions. If employment data continues to improve, the Fed’s incentive to cut interest rates will weaken, leading to a chain reaction in liquidity expectations across the entire crypto market.

In other words, the better the economic data, the more the market’s optimistic expectations for the Federal Reserve’s policy might adjust. These macro indicators often serve as behind-the-scenes drivers influencing crypto price fluctuations. We still need to keep an eye on subsequent employment report trends.