U.S JOBLESS CLAIMS DATA:
Yesterday powell was crying about labor market. Now relatively good numbers are out.
Actual: 231k
Estimated: 240k
Prior: 264k
lower-than-expected jobless claims (231K vs. 240K) signals a stronger labor market, which is generally bullish for the economy, stocks, and crypto as it boosts investor confidence. However, it could temper expectations for aggressive Fed rate cuts.