US Initial Jobless Claims just dropped: 196K vs 207K expected (prev 206K)
Labor market still too strong for comfort đ
This basically hands the Fed a knife to keep rates higher:
Strong jobs â resilient economy â less room to cut rates â $BTC gets squeezed short-term
We're literally getting chopped by every macro data point rn. One day it's inflation, next day jobs, then Fed hawkishness. Pure survival mode.
Labor market still too strong for comfort đ
This basically hands the Fed a knife to keep rates higher:
Strong jobs â resilient economy â less room to cut rates â $BTC gets squeezed short-term
We're literally getting chopped by every macro data point rn. One day it's inflation, next day jobs, then Fed hawkishness. Pure survival mode.