💥 Quick update: U.S. unemployment data $FOGO

Initial jobless claims recorded at 198K, significantly lower than the expected 215K. This indicates that the labor market remains resilient, showing no clear signs of weakening. $DOLO

From a macro perspective, this data reduces concerns about short-term recession, but simultaneously puts the Fed in a position requiring greater caution. With labor still strong, the pressure to cut interest rates early diminishes. $BARD

The takeaway is clear:

The economy is not weak enough to force a rapid policy shift — and the market needs to adjust expectations based on reality, rather than reacting ahead of the data.

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