đ Forecast: 226K
đ Reported: 235K
Thatâs above expectations â meaning more people filed for jobless claims than analysts thought.
đ Why it matters: A softer labor market is exactly what the Fed watches when setting interest rates.
âĄïž Weak jobs = higher chance of Fed cuts đȘ
âĄïž Short-term = brace for volatility in USD, stocks & crypto đđ
Traders â do you see this as bearish pressure, or the start of a relief rally?