Just in: 🇺🇸 New unemployment claims are out!
📊 Forecast was 226K
📈 The actual number came in at 235K
That’s a bit higher than expected, which shows more people filed for jobless benefits than the market was looking for.
👀 This could be a sign the labour market is starting to cool down, something the Fed keeps a close eye on when making rate decisions.
➡️ Softer job data could bring rate cuts closer 🪓
➡️ In the short run though, expect some swings in USD, stocks, and crypto.
Traders, do you see this as bearish pressure or the setup for a relief rally?
#BNBATH880 #CryptoRally #AKEBinanceTGE #FOMCMinutes