🚨JUST OUT: U.S. initial jobless claims FALL to 194,000, below expectations of 200,000 and the previous reading of 199,000. Jobless claims have now hit a THREE-MONTH LOW, signaling fewer layoffs and continued strength in the U.S. labor market. A resilient labor market gives the Fed LESS reason to cut interest rates, potentially pushing the U.S. dollar and Treasury yields HIGHER while putting pressure on stocks and crypto.