US Weekly Jobless Claims Hit 1969 Low: What Does It Mean For Crypto?

AI Summary US initial claims for state jobless benefits dropped by 22,000 to 187,000 for the week ending July 18, the lowest level since September 1969. The drop hardened bets that the Federal Reserve (Fed) could raise interest rates at next week’s meeting. The CME FedWatch tool now puts the odds of a hike at 33.7%, up The post US Weekly Jobless Claims Hit 1969 Low: What Does It Mean For Crypto? appeared first on BeInCrypto . fulltext: 424 chars | fulltext source: rss-fallback | summary method: extractive Original: https://beincrypto.com/us-jobless-claims-1969-low-crypto/ Source: BeInCrypto