According to The Kobeissi Letter, the US unemployment rate has risen to 4.4%, the highest in four years, and US stock index futures are surging as markets price in imminent Federal Reserve rate cuts (source: The Kobeissi Letter). According to The Kobeissi Letter, this bad-news-is-good-news setup reflects expectations that the Fed is being forced to cut policy rates despite a strong equity backdrop (source: The Kobeissi Letter). According to The Kobeissi Letter, such a shift in rate expectations tends to support risk appetite, which crypto traders may interpret as potential tailwinds for BTC and ETH if yields and the US dollar ease (source: The Kobeissi Letter). According to The Kobeissi Letter, traders should monitor rate-cut odds, Treasury yields, the US dollar, and cross-asset liquidity to gauge follow-through across equities and digital assets (source: The Kobeissi Letter).