Reply To: Traders Market Weekly: Global Market Dislocation at a Precipice

#44223
Truman
Participant

For the week ending September 17, initial claims increased by 5,000 to 213,000 (consensus 220,000). For the week ending September 10, continuing jobless claims decreased by 22,000 to 1.379 million.

The key takeaway from the report is that the low level of initial claims — a leading indicator — will register with the Fed as a basis to maintain an aggressive line with its rate hikes since it sees a softening in the labor market as a necessary ingredient for helping to bring inflation back down to its 2.0% target.