Don't want to trade it yourself?
Our desk runs DEX portfolios on profit share.
Initial jobless claims in the U.S. totaled 206,000 last week, above the forecast of 205,000.
Weekly jobless claims are a gauge of labor market conditions for the Federal Reserve’s rate decisions. A reading above forecasts can be interpreted as a sign of rising layoffs and a cooling labor market, which could support the case for Fed rate cuts. A reading below forecasts can signal labor market resilience, supporting a decision to hold rates steady or raise them while focusing on curbing inflation.