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Alpha TraderX
U.S.jobless claims came in at 203K vs 208K expected.
That means labour market is holding up better than expected.For $BTC,this is a bit of a mixed signal.Stronger economy is positive for risk appetite,it gives Fed less reason to rush into rate cut.With markets already watching inflation closely today's data slightly strengthen case for higher rates for longer.
The bigger question is what happens next with inflation and the Fed.Strong growth+falling inflation would be ideal setup for risk assets.
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