Market update — jobless claims just dropped and the number is historic 👇
💼 Initial claims: 187,000 — lowest since September 1969 😳
📉 Down 22,000 from last week — well below 212,000 expected
📊 Continuing claims: 1.796M — six-week low
💪 Labor market: extremely healthy
A strong labor market gives the Fed zero reason to cut rates — and every reason to keep focusing on fighting inflation. 🌡️
For $BTC and risk assets — this is actually bad news in disguise. Healthy jobs = Fed stays hawkish = no liquidity injection = no fuel for a rally. The market was starting to price in cuts. This print pushes that timeline further away. 😬
⚠️ Rate cut probability: pushed back further
⚠️ Fed focus: back to inflation first, cuts later
📅 FOMC July 28-29 — hold confirmed but tone will be hawkish
👁️ Watch how $BTC reacts to this print today
Good economy. Bad for cuts. The macro contradiction continues. 🎯
#joblessclaims #Fed #interestrates #dyor
#labourmarket
💼 Initial claims: 187,000 — lowest since September 1969 😳
📉 Down 22,000 from last week — well below 212,000 expected
📊 Continuing claims: 1.796M — six-week low
💪 Labor market: extremely healthy
A strong labor market gives the Fed zero reason to cut rates — and every reason to keep focusing on fighting inflation. 🌡️
For $BTC and risk assets — this is actually bad news in disguise. Healthy jobs = Fed stays hawkish = no liquidity injection = no fuel for a rally. The market was starting to price in cuts. This print pushes that timeline further away. 😬
⚠️ Rate cut probability: pushed back further
⚠️ Fed focus: back to inflation first, cuts later
📅 FOMC July 28-29 — hold confirmed but tone will be hawkish
👁️ Watch how $BTC reacts to this print today
Good economy. Bad for cuts. The macro contradiction continues. 🎯
#joblessclaims #Fed #interestrates #dyor
#labourmarket