Reported about 7 hours ago
Max Kettner, HSBC's chief multi-asset strategist, suggests that the recent rise in jobless claims to 258,000 is being given excessive attention, especially given external factors like Hurricane Helene and port strikes. He believes that while there will always be weaknesses in the labor market, the overall health of the US economy remains strong, emphasizing the need for a broader focus beyond just labor market metrics.
Source: YAHOO