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Initial unemployment insurance claims below expectations
Data performance
Reported value: 200k people
Previous value: 190k people
Expected value: 205k people
Data result: Actual reported value (200k) is below market expectations (205k), but higher than the previous value (190k)
Expectations for rate cuts cool down again
Better-than-expected employment data will further reduce the market's anticipation of the Federal Reserve cutting interest rates early. The strong employment market challenges the logic of declining inflation, and the Federal Reserve is more inclined to maintain a hawkish stance of "higher interest rates for longer."#Gate广场五月交易分享 #BTC回调 #btc