U.S. initial claims data fell to the lowest level since July, and the Fed's interest rate cut in 2024 will be less than 100 basis points

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ODAILY
08-15
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Odaily Odaily News: The number of initial unemployment claims in the United States fell for the second consecutive week, falling to the lowest level since early July. Published data showed that the number of initial unemployment claims fell by 7,000 to 227,000 in the week ending August 10. The median forecast of the agency's survey of economists was 235,000. In addition, the number of continuing unemployment claims also fell to 1.86 million in the week ending August 3. Swap market prices show that the Federal Reserve will cut interest rates by less than 100 basis points in 2024. (Jinshi)

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