Reply To: Traders Market Weekly: Bull or Bear Trap Ahead of the Fed?

#46537
Truman
Participant

Initial claims for the week ending October 22 increased by 3,000 to 217,000 (consensus 220,000). Continuing claims for the week ending October 15 increased by 55,000 to 1.438 million.

The key takeaway from the report is that the initial claims data suggest the labor market continues to hold up well, which of course is something that will continue to draw the Fed’s attention.