🚨JUST OUT: U.S. Initial Jobless Claims come in LOWER than expected. Initial Jobless Claims: 197,000 vs 200,000 exp. | prev. 199,000 The stronger labor market reinforces yesterday's FOMC minutes, which showed most Fed officials expected another rate hike by year-end. The data supports a HAWKISH Fed outlook, potentially lifting the USD and Treasury yields while pressuring stocks and crypto.