Jobless claims hit lowest since the Vietnam War as Bitcoin slips
THE STREET ·
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US jobless claims hit their lowest level since the Vietnam War, proving the extreme strength of the labor market. At the same time, Bitcoin showed a slight decline, exhibiting contrasting trends. Strong economic indicators could act as a factor lowering expectations for Federal Reserve rate cuts. Investors should pay attention to the decoupling phenomenon between macroeconomic indicators and risky assets.
상승 영향
- US Stock Market — Jobless claims dropped to the lowest level, dispelling recession fears and instilling expectations of a soft landing across the stock market.
하락 영향
- Bitcoin — Robust employment indicators strengthen expectations that the timing of the Fed's rate cuts will be delayed, exerting downward pressure on the cryptocurrency market.
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