๐ US Jobless Claims Report ๐
๐บ๐ธ Actual: 235K
๐ Expected: 226K
๐ Previous: 224K
๐บ Jobless claims rose again โ higher than expected, pointing to continued weakness in the US labor market.
๐ Market Takeaway:
Higher claims โ More pressure on the Fed Increased odds of rate cuts Rate cuts = liquidity inflow โ Bullish for Crypto ๐
