🇺🇸 US JOBS DATA BEATS EXPECTATIONS
Weekly jobless claims came in at 196,000, below the 207,000 expected.
At face value, that’s positive for the US economy, suggesting the labour market remains resilient.
But for Bitcoin and other risk assets, it’s more complicated.
A stronger labour market can give the Federal Reserve less urgency to cut interest rates, particularly while inflation remains above its 2% target.
That means today’s data isn’t automatically bullish for crypto. Markets will be watching the combination of employment, inflation, Fed policy and liquidity to determine where risk assets go next.
Strong economy ≠ automatically bullish crypto.
#Bitcoin #USJobData
Weekly jobless claims came in at 196,000, below the 207,000 expected.
At face value, that’s positive for the US economy, suggesting the labour market remains resilient.
But for Bitcoin and other risk assets, it’s more complicated.
A stronger labour market can give the Federal Reserve less urgency to cut interest rates, particularly while inflation remains above its 2% target.
That means today’s data isn’t automatically bullish for crypto. Markets will be watching the combination of employment, inflation, Fed policy and liquidity to determine where risk assets go next.
Strong economy ≠ automatically bullish crypto.
#Bitcoin #USJobData