US Weekly Jobless Claims Increase Modestly To 225K
Portfolio Pulse from Vandana Singh
US weekly jobless claims rose to 225,000, slightly above expectations, indicating a cooling labor market. This may provide the Federal Reserve with room for potential easing measures.
October 03, 2024 | 1:17 pm
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The increase in jobless claims to 225,000, above expectations, suggests a cooling labor market. This could influence the Federal Reserve's monetary policy, potentially impacting SPY.
The rise in jobless claims suggests a cooling labor market, which may lead the Federal Reserve to consider easing measures. This could affect market sentiment and SPY, but the impact is uncertain.
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