U.S. Weekly Jobless Claims Drop to 187,000, a Four-Year Low

U.S. initial jobless claims fell to 187k, well below expectations, signaling a tighter labor market and reinforcing "higher-for-longer" rate risk. This typically supports the U.S. dollar and pressures rate-sensitive assets by pushing yields higher and delaying expectations for policy easing. Near-term focus shifts to how this data influences Fed pricing and broader risk appetite across equities and crypto.