Jobless claims for the week ending December 20 came in stronger than expected—214k versus forecasts of 224k, and a drop from the prior week's 224k. This beat signals some resilience in the U.S. labor market, which could shape Federal Reserve policy and ultimately crypto market sentiment heading into year-end.
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AlphaWhisperer
· 10h ago
So the Fed still has to continue holding... The crypto market's year-end depends again on the US's stance.
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ResearchChadButBroke
· 10h ago
It's another hawkish data point🤔 The labor market is still holding up, and the Fed is likely to continue with a hard landing. Don't be too optimistic before the end of the year.
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GhostChainLoyalist
· 10h ago
The labor data looks good. Now the Fed will have to consider whether to continue cutting interest rates, which will directly impact the trend in our crypto circle.
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quietly_staking
· 10h ago
Whoa, employment data unexpectedly good? Wait, what impact does this have on the crypto world...
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ILCollector
· 10h ago
Better-than-expected labor data is indeed a signal, but the real question is whether the Federal Reserve will actually stop raising interest rates... This is too critical for the crypto world.
Jobless claims for the week ending December 20 came in stronger than expected—214k versus forecasts of 224k, and a drop from the prior week's 224k. This beat signals some resilience in the U.S. labor market, which could shape Federal Reserve policy and ultimately crypto market sentiment heading into year-end.