US JOBS REPORT SHOCKS MARKETS! FED HAWKISHNESS IMMINENT?
US Initial Jobless Claims dropped to 198,000. This is a massive beat. The labor market is still incredibly strong. Recession fears are fading fast. Businesses are holding onto workers. This data could push the Fed to delay rate cuts. Inflation remains the priority. Crypto faces potential correction pressure. Hawkish Fed fears are real.
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