Unemployment Claims just dropped 📉
Actual: 203K
Forecast: 208K
Previous: 206K
Beating expectations for the 2nd week straight. We're locked under 210K.
Labor market still tight = Fed has room to keep rates higher for longer. Not the setup bulls want to see before a pivot.
Watch how this plays into next FOMC. Risk-off if this strength continues.
Actual: 203K
Forecast: 208K
Previous: 206K
Beating expectations for the 2nd week straight. We're locked under 210K.
Labor market still tight = Fed has room to keep rates higher for longer. Not the setup bulls want to see before a pivot.
Watch how this plays into next FOMC. Risk-off if this strength continues.