$BTC ๐จ BREAKING: U.S. Jobless Claims Beat Expectations ๐ฎ
U.S. Initial Jobless Claims came in at 214K, below the 223K forecast โ signaling a stronger-than-expected labor market.
๐ Why it matters for crypto:
Strong jobs data reduces pressure on the Fed to cut rates soon
Expectations for aggressive easing may be pushed back
Short-term headwind for risk assets like crypto
โ ๏ธ Market Impact:
With employment holding firm, markets may stay cautious in the near term.
