Debate on how quickly the labor market is cooling remains at the center of the discussion surrounding Federal Reserve interest rate cuts.
Initial filings for unemployment benefits were roughly flat last week, reflecting a labor market that is cooling but not rapidly deteriorating asreleased Thursday showed 232,000 initial jobless claims filed in the week ending Aug. 17, up from 228,000 the week prior and in line with economists' expectations."Claims appear to be leveling off on a trend basis," Oxford Economics senior economist Nancy Vanden Houten wrote in a note to clients on Thursday.
" solidifies the case for starting cuts in September," Ryan said. "It doesn't necessarily advance the case for aggressive cuts off the bat, which the market has been is looking to get signals for." Then-Federal Reserve Governor Jerome Powell attends the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming August 28, 2015. REUTERS/Jonathan Crosby/File PhotoCanada, FCM energizes first-of-its-kind net-zero neighbourhood in Markham, ON with $8.7 million investment
Jackson Hole Jerome Powell Labor Market Department Of Labor Unemployment Benefits Unemployment Rate Employment Outlook
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed seen cutting rates by half a point in Sept, after weak jobs dataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Traders see Sept start to Fed easing, with 25 bps rate cutBefore the Fed's statement, released at the end of a meeting at which officials decided to hold the policy rate in the 5.25%-5.5% range, interest-rate...
Read more »
Revised labor data 'underscores' Fed's need to cut: StrategistUS equities (^GSPC, ^DJI, ^IXIC) closed higher on Wednesday, with several mega-cap stocks regaining much of what they lost in the recent sell-off. Can the...
Read more »
Labor data in 'driver's seat' for Fed: Evercore ISI's GuhaJuly's Consumer Price Index (CPI) data came in linne with Wall Street estimates, reinforcing expectations of a Federal Reserve rate cut in September. However...
Read more »
ABC says Trump and Harris have agreed to participate in a presidential debate on Sept. 10PALM BEACH, Fla. (AP) — ABC says both Donald Trump and Kamala Harris have agreed to a Sept. 10 presidential debate, setting up a face-off between the Republican and Democratic nominees.
Read more »
Trump recommits to a Sept. 10 debate and lashes out at Harris at news conferenceDonald Trump recommitted to debating U.S. Vice President Kamala Harris after recently backing out, holding a lengthy news conference Thursday in which he taunted his new rival and lashed out at questions about the enthusiasm her campaign has been generating.
Read more »