Chris Rupkey
Chris Rupkey
below chance claims continues good number quite rate stayed
The jobless claims number went up quite a bit, but the idea here is that because it stayed below 300,000 there's a good chance that the U.S. unemployment rate continues to fall.
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The market is on guard after Broaddus reminded us that the day of reckoning when the Fed raises rates is drawing nearer and the rebound in global stock markets is adding fuel to the fire.
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Cars seem to be pivotal in keeping the wheels of consumer spending turning and certainly this quarter is starting out with a thud.