TODAY: 🇺🇸 U.S. Initial Jobless Claims fell to 203,000 last week, below the 208,000 expected.
The previous week’s reading was revised slightly higher from 206,000 to 207,000, signaling that layoffs remain relatively low.
Combined with yesterday’s elevated PCE inflation data, the resilient labor market could strengthen the case for the Fed to keep interest rates higher for longer.
This is not good for Crypto or Stock $BTC $NVDAB
#BitcoinHoldsNear$79400
#BitcoinTops$80KThreeMonthHigh
The previous week’s reading was revised slightly higher from 206,000 to 207,000, signaling that layoffs remain relatively low.
Combined with yesterday’s elevated PCE inflation data, the resilient labor market could strengthen the case for the Fed to keep interest rates higher for longer.
This is not good for Crypto or Stock $BTC $NVDAB
#BitcoinHoldsNear$79400
#BitcoinTops$80KThreeMonthHigh
