What signals does the November employment report send? The Fed's rate cut in January remains uncertain.

【Crypto World】After November’s employment data was released, the market is pondering the Federal Reserve’s next move. According to informed sources, the Fed’s internal view of the report is roughly: the previous rate cuts have been validated so far. The unemployment rate has indeed risen, and the increase is within the “acceptable” range that Powell mentioned earlier — indicating that the labor market is gradually cooling but not yet at the point of requiring emergency action.

However, there is a key point: although the data overall meets expectations, it is not enough to justify another rate cut in January. In other words, the Federal Reserve may hold steady for now and observe how the economic situation develops. This is indeed a signal that needs to be closely monitored by those paying attention to the dollar’s movement and macro liquidity.