Recently, the Federal Reserve has been feeling the heat. The initial jobless claims data delivered a "cold shower"—a sudden weekly increase of 44,000, completely breaking market expectations. This is not a minor fluctuation, but a clear crack appearing in the employment market.

Once the employment sector begins to soften, calls for interest rate cuts will grow louder. The Fed, which was previously hesitant, has now been pushed to the forefront. As soon as the data was released, the entire market's sentiment shifted. Why such a fierce reaction? Because the unemployment rate is often the best indicator of economic health. When this metric continuously shows problems, the Fed finds it difficult to remain on hold, and the likelihood of an early move to cut rates rises sharply.

Behind these seemingly simple numbers lie deeper economic signals. Rising unemployment → potential pressure on consumer spending → weakened corporate investment motivation → softening economic growth momentum. These links are interconnected. The optimism fueled by strong data that once supported the market is gradually being dismantled by reality.

The path ahead for the Fed is clear: either continue to withstand the pressure and stick to the original plan, or follow market signals and accelerate the pace of rate cuts. Global investors are closely watching the Fed's next move. The trends of cryptocurrencies like BTC and ETH are, to some extent, also waiting for this signal.

From your perspective, has the U.S. economy really started to cool down? If the Fed accelerates its rate cut pace, how will the market react? How do you interpret this unemployment data?