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Weekly initial jobless claims and the Philly Fed are coming up

It's Thursday and that means it's initial jobless claims day.There are plenty of people waiting for claims to make a move higher as companies feel the pain of higher interest rates and a slower economy but it hasn't happened yet. The consensus today is 242K but I believe the Fed would like to see at least 300K before stopping rate hikes.One area of the economy that's clearly weak is manufacturing so it will be no surprise if the Phily Fed is in contractionary territory once again. The consensus... Read More

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Weekly

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Forex

Posted: Jul 20 2023, 12:17

Author Name: forexlive

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