🚨 JUST IN: U.S. JOBLESS CLAIMS RISE ABOVE EXPECTATIONS
Initial Jobless Claims: 209K
📊 Expected: 202K
At the same time:
🔥 Headline PPI: 4.7% vs. 4.9% expected
⚖️ Core PPI: 4.2% vs. 4.2% expected
📉 Cooling inflation + weaker labor-market data could further reduce pressure on the Fed to keep rates higher for longer.
💰 Potentially bullish for crypto & risk assets if markets interpret the data as increasing the chances of a more dovish Fed.
👀 Now watching BTC for the next move
#PPI #joblessclaims #Inflation #CryptoMarket
Initial Jobless Claims: 209K
📊 Expected: 202K
At the same time:
🔥 Headline PPI: 4.7% vs. 4.9% expected
⚖️ Core PPI: 4.2% vs. 4.2% expected
📉 Cooling inflation + weaker labor-market data could further reduce pressure on the Fed to keep rates higher for longer.
💰 Potentially bullish for crypto & risk assets if markets interpret the data as increasing the chances of a more dovish Fed.
👀 Now watching BTC for the next move
#PPI #joblessclaims #Inflation #CryptoMarket