#美联储重启降息步伐 $ETH December 5 Midday Observation

Last night, the U.S. released initial jobless claims data—191,000. What does this number mean? The job market is still pretty resilient, which gives the Fed room to continue with “gentle rate cuts.”

But the real highlight is tonight: the September Core PCE Price Index will be released. This thing is much more important than other inflation data, since it’s the indicator the Fed values most. Will there be a rate cut in December? The answer might be hidden in this number. It’s said that there’s still debate within the Fed about how much inflation pressure really exists.

On the technical side, Ethereum followed the broader market in a pullback today, but there’s short-term support holding it up. My view is that until the Fed’s policy meeting is over, it’ll likely move sideways, and any volatility won’t be too extreme.

—The market carries risks. The above is just my personal opinion and does not constitute any investment advice.