#usweeklyjoblessclaimsfallto196k 🚨
US Initial Jobless Claims
: 196,000 vs. 207,000 exp.

The print came in LOWER than expected and DOWN from 206,000 previously.

Fewer layoffs suggest a resilient labor market, giving the Fed LESS reason
to
cut rates.

This could support yields and the dollar while pressuring stocks and crypto.$ARC $HEI $4