The # of people claiming unemployment benefits in the US just jumped by 8k to 229k. Well above expectations of 220k, to record the highest reading since the 8 mth high of 232k from May. 

The results show a softening US labor market & are 🐂 for rate cuts.

The # of people claiming unemployment benefits in the US just jumped by 8k to 229k. Well above expectations of 220k, to record the highest reading since the 8 mth high of 232k from May. 

The results show a softening US labor market & are 🐂 for rate cuts.


https://tradingeconomics.com/united-states/jobless-claims

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I think it may come earlier since the EU and Canada just announced rate cuts by 25 BPS 😅.

Defo a strengthening case for rate cuts, though from casual observation the Fed is always slow to react, maybe a Q3 story?

🚀 assets go up, but inflation too I guess 😅

🤣🤣 haha I wish, just summarizing and interpreting what I see in the news

You're becoming a good US macro analyst 😀

I think so. EU and Canada already announced their first cut.

Do you think the interest rate will decrease?

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