They're hyping up unemployment numbers again, but the truth is the Fed won't ease up at all. That inflation beast hasn't been tamed yet.
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4.4% looks decent, but for the Fed it's still too high, which means interest rate policy has to stay firm.
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So it's the same old playbook: unemployment → interest rates → crypto prices, all interconnected. We just have to move with the market rhythm.
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Don't be fooled by surface-level data. The key is the Fed's attitude. As long as inflation hasn't completely cooled off, everything else is meaningless.
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This data looks good but doesn't address the root cause. The Fed folks already have their numbers crunched. Don't expect to see rate cuts anytime soon.
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To be honest, for traders right now it's just a wait-and-see period. No need to make moves until the Fed actually gives real signals.
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This unemployment figure is unremarkable. The crypto community has already priced in these macro expectations. The real key is watching how inflation data develops next.
米国の失業率は4.4％となり、予測の4.5％を上回った。表面上は労働市場にとって小さな勝利のようだ。
しかし、実際には依然として連邦準備制度理事会（Fed）が望む水準を不快に超えている。つまり、政策の圧力はそのまま維持されることになる。特にインフレのダイナミクスが依然として働いているため、Fedが緩和に動くことは当面期待できない。
マクロトレンドを注視するトレーダーにとって、これは重要だ。失業率の動きは金利決定に影響し、それが株式、債券、暗号通貨を含むすべてに波及する。市場はすでにこれを織り込んでいる。