CoinMeta data: As of the beginning of the week on October 17th in the United States, the number of people claiming unemployment benefits was 194,000, which is lower than the expected 200,000 and the previous value of 199,000. This data indicates that the demand in the U.S. labor market remains strong. The persistent tightness in the job market provides solid support for economic resilience and also gives the Federal Reserve the confidence to maintain its high-interest-rate policy. This data weakens the market's urgent need for interest rate cuts in the short term, further consolidating the policy logic of a long-term high-interest-rate environment.