🚨JUST OUT: U.S. Initial Jobless Claims came in LOWER than expected this week. 197,000 vs. 201,000 expected, 197K previously. Claims remain near low levels, showing the U.S. labor market is still holding FIRM. Combined with yesterday’s cooler-than-expected PCE inflation, the data points to COOLING inflation without a major deterioration in jobs. That is a "constructive" mix for stocks and crypto. Softer inflation keeps the door open for Fed easing, while resilient jobs reduce recession fears.