šŗšø US jobless claims come in below expectations
Initial jobless claims:
š“ Actual: 206K
š” Forecast: 223K
š” Previous: 229K
Claims fell sharply and came in well below expectations, signaling continued strength in the US labor market.
A resilient jobs backdrop reduces pressure on the Fed to ease policy soon. That is moderately negative for risk assets and crypto in the near term.
Strong labor means higher-for-longer stays on the table.