US initial jobless claims 224K vs 228K expected

  • The US weekly initial and continuing claims data
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  • Prior 226K (revised to 227K)
  • Continuing claims 1953K vs 1964K expected
  • Prior 1974K (revised to 1968K)

These are good figures. Couple that with the super hot PPI we got at the same time and you have traders trimming the aggressive rate cut bets.

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