ECB & BOE Rates; Initial Claims
Summary: Headlines read... Initial Claims surprise decline, under the sheets...
seasonal summer hires are done, long term unemployment trend worsens while sector bleed continues.
ECB & BOE Rate Announcements both on hold, steady at 4% and 5%.
ECB Head Jean "Tricky" Trichet on a possible raise:
"It's not excluded that, after having carefully examined the situation, that we could decide to move our rates by a small amount at our next meeting, I don't say it's certain. I said it's possible."
Initial Claims 05/31 -18K at 357K vs 375K Full Report
Inside the number: prior revised up +3K. 4 week MA -2.75K at 368.5K. Continuing unemployment -16K at 3.093M; 4 week MA +15.25K at 3.085M
seasonal summer hires are done, long term unemployment trend worsens while sector bleed continues.
ECB & BOE Rate Announcements both on hold, steady at 4% and 5%.
ECB Head Jean "Tricky" Trichet on a possible raise:
"It's not excluded that, after having carefully examined the situation, that we could decide to move our rates by a small amount at our next meeting, I don't say it's certain. I said it's possible."
Initial Claims 05/31 -18K at 357K vs 375K Full Report
Inside the number: prior revised up +3K. 4 week MA -2.75K at 368.5K. Continuing unemployment -16K at 3.093M; 4 week MA +15.25K at 3.085M
Comments