The weekly initial jobless claims have again come in below expectations, hinting at a potential rebound in the labor market. This weakens the case for further rate cuts ahead of the January FOMC meeting, while Bitcoin dropped following the data release. Initial Jobless Claims Come In At 208,000, BTC Drops Department of Labor data show

The post Breaking: U.S. Initial Jobless Claims Rise to 208K, Bitcoin Drops appeared first on CoinGape.

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