US Jobless Claims Drop to 215K, Beat 218K Forecast
A 2,000-claim beat looks small, but a downward revision to the prior week keeps the labor market narrative firmly 'no rush to cut' for the Fed.
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A 2,000-claim beat looks small, but a downward revision to the prior week keeps the labor market narrative firmly 'no rush to cut' for the Fed.
Two soft prints in one morning: a labor market cooling faster than economists expected and an inflation gauge undershooting forecasts — the Fed's preferred measure is still 3.3% YoY.