Jobless Claims Dip Lower: Steady Labor Market, But Crypto Eyes Broader Dovish Tilt
Initial Jobless Claims for the week ending December 13 fell to 224,000, better than expected and reversing prior spikes, indicating resilient low layoffs despite seasonal noise.
Rising claims typically weigh on the dollar by flagging labor weakness; this drop suggests stability, offering mild USD support.Yet for crypto, the bigger picture from mixed data—including soft CPI and Philly Fed—points to contained growth without overheating.
This balanced backdrop sustains expectations for Fed patience, favoring risk assets. Bitcoin and the broader market can draw comfort from avoided labor deterioration, aiding consolidation and potential gains in a liquidity-rich setup.
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