Latest US jobless claims just dropped to 191K for the week ending Nov 29 - way below the 220K forecast and even lower than last week's 218K (revised from 216K).

Labor market staying stronger than expected. This kind of data typically influences Fed policy decisions and ripples through risk assets including crypto. Worth keeping an eye on how markets digest this.

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ThesisInvestor

· 12h ago

Labor data is so strong, does this mean the Fed will have to hold again...

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UnluckyLemur

· 12h ago

Labor data is so strong, I'd be surprised if the Fed doesn't raise interest rates.

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LiquidityNinja

· 12h ago

Labor data is so strong, the Fed will have to push back rate cuts again.

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MergeConflict

· 12h ago

The 191k unemployment data has been released, which is much better than expected... In this case, the pressure for the Fed to raise interest rates will return, so crypto needs to be cautious.

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LiquidatedAgain

· 12h ago

Liquidated yet again, my first reaction when I saw this data was—damn, strong data means rate hike expectations are coming back. 191K? Are you kidding me, this is a trap. With the labor market this resilient, the Fed won’t want to cut rates, and borrowing costs will only go higher. I’ll have to recalculate the risk control levels for leveraged positions. Hindsight is always 20/20—last time I overestimated economic resilience, went all in without considering the liquidation price pressure, and got force liquidated. This time, I’ve got to be more cautious and set a lower collateralization ratio.

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SchroedingersFrontrun

· 12h ago

The number of unemployed has dropped again. Now the Fed will have an even harder time making decisions... The crypto market might be in trouble.

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MidnightSnapHunter

· 12h ago

191K... This number is indeed pretty strong, almost 30K less than expected. The Fed must be getting a bit uneasy now.

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