The Federal Reserve just cut interest rates, and internal disagreements have emerged. Some are optimistic, others are cautious, and the market is in a state of confusion. The answer to all this may be hidden in the delayed non-farm employment report next Tuesday (December 17).

Why call it "delayed"? Because this data completes the employment situation for October and November in one go. This rare double-month data summary allows us to see the true picture of the labor market. In a time when policy directions are still uncertain, this clear outlook acts like a strong shot of confidence for the market.

What are the expectations?

Industry consensus is roughly as follows: employment in October may have experienced some pullback, but November should see a rebound. The unemployment rate is expected to rise modestly to around 4.5% — this number is actually quite crucial, as it aligns with the Federal Reserve’s expectations, indicating that the situation is still within control.

What does this mean for us?

If employment data shows the market remains resilient, then the story of a soft landing for the economy becomes more convincing, and long-term bullish sentiment will stabilize. Conversely, if the data hints that the economy needs more support, investors can make more accurate inferences about the next liquidity trend.

For the cryptocurrency market, this report is like a key. No matter which door it opens, the key is to actually open it. Clear information is enough to calm recent volatility and give the market a sense of direction. Instead of groping in the fog, it’s better to wait for this fundamental anchor to land and see how the subsequent trend unfolds.