[Initial Jobless Claims in the U.S. for the Week Ending July 25 at 197,000, Below Expectations] Initial jobless claims in the U.S. for the week ending July 25 were 197,000, compared to an expectation of 200,000. The previous figure was revised from 187,000 to 188,000. (Jin10) AI Analysis: The labor market demonstrates remarkable resilience, with jobless claims consistently remaining at historically low levels. The tight labor supply has directly increased wage growth pressures, thereby providing strong support for core inflation. The Federal Reserve now has greater confidence in maintaining its high interest rate policy, completely suppressing market expectations for a near-term shift in monetary policy. This data clearly signals the path to a soft economic landing while also solidifying the inevitability of interest rates remaining at restrictive levels for an extended period.