An easing labor market and a return to a downward trend in inflation will increase the likelihood of a rate cut in September
ChainCatcher news, according to Jinshi, the number of initial jobless claims in the United States fell last week, showing the potential strength of the job market. Initial jobless claims in the United States recorded 222,000 in the week ended May 11. This week's slight decline reversed some of last week's rise, which had risen to the highest level in more than eight months.
This week's increase in claims was largely attributed to a surge in New York claims tied to school spring break. While the U.S. labor market remains healthy, it is steadily rebalancing after the Federal Reserve raised interest rates by 525 basis points since March 2022. Easing labor market conditions and a return to a downward trend in inflation have raised the possibility of a rate cut in September.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
USDC Treasury Mints 250 Million USDC on Solana Chain
Metaplanet Cuts Executive Share Pool 41.1% After Investor Outcry
Integrum publishes annual report for fiscal 2025/26
Helios Solar says Lim Ming How tops 10% voting rights threshold in disclosure