The US economic calendar is light today with the only highlights coming from initial jobless claims at the bottom of the hour and a 30-year bond auction at 1 pm ET.
Yesterday's FOMC minutes highlighted the critical dynamic on interest rates.
"If labor market conditions or economic activity were to weaken materially, or if inflation were to continue to come down and inflation expectations remained well anchored, then it would be appropriate to establish a less restrictive stance of monetary policy than would otherwise be the case," the Minutes say.
The claims data would have to start rising for any 'material' worsening of the jobs picture and likely well beyond 250K to get the Fed's attention -- perhaps 300K.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about us weekly initial jobless claims coming up next was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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