Morgan Stanley: Initial data to ease market concerns again will help the Federal Reserve cut interest rates in September
2024-08-22 13:44:06
U.S. Department of Labor released Thursday data shows as of 17 weekdesk3cryptocurrencydesktopCrypto News
Initial jobless claims rose by 4,000 for the week ending Aug. 17 to a seasonally adjusted 232,000, slightly beating expectations of 230,000, according to Labor Department data released Thursday. Chris Larkin of Morgan Stanley E * Trade said the latest initial jobless claims suggest the labor market is slowing but resilient, which should help the Federal Reserve start cutting interest rates in September.
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