đșđž U.S. Jobless Claims Alert! Get ready for a key economic indicator dropping tomorrow at 8:30 AM ET.
The consensus forecast is set at 226,000 new claims.
Hereâs the potential market impact đđ:
Higher-than-expected number (>226K): Signals a softening labor market. This could increase probabilities of a Fed rate cut đïž and potentially boost risk-on assets like crypto (BTC, ETH) as investors seek higher returns.
Lower-than-expected number (<226K): Indicates a still-strong job market. This might reinforce a "higher for longer" rate stance from the Fed, potentially putting downward pressure on crypto and growth stocks.
Tune in at 8:30 AM ETâit could set the tone for the day's market movement! đ
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