Reported 27 days ago
In a discussion on Yahoo Finance, Oxford Economics' chief economist Ryan Sweet analyzed the recent rise in initial jobless claims to 230,000, exceeding expectations. He interpreted this data as positive for the Federal Reserve, suggesting it supports a potential 25 basis points rate cut in their upcoming meeting. Despite the increase, he indicated the labor market isn't suffering from significant layoffs, which Sweet considers encouraging as it hints at stability, setting the stage for a 'lively discussion' on future cuts.
Source: YAHOO