Brothers, the latest macroeconomic data has come out! The number of initial unemployment claims in the U.S. for the week ending February 28 was recorded at 213000, the highest since the week of February 7, and below the market expectation of 215000. To be honest, this data is quite interesting — the number of unemployed has increased, indicating that there are indeed signs of weakness in the labor market. However, did you notice that although the data fell short of expectations, 213000 is still within a historically low range. The Federal Reserve has consistently emphasized the stability of the labor market, and this data does reflect that. Powell has previously stated that they would maintain interest rates, and expectations for rate cuts have also been slowed down. Today is Friday, and there is heavy non-farm data coming out, with the unemployment rate expected to remain at 4.3%. The non-farm data in January was too strong, and February will likely see a decline. Brothers, how do you think this wave of data will affect the market? I personally feel that the macro uncertainty is still quite significant, and it's hard to say how the crypto market will move. Let's discuss your views in the comments 👀#BinanceSquare #USA #UnemploymentBenefits #NonFarm #Macroeconomics #Cryptocurrency