đ REMINDER: U.S. JOBLESS CLAIMS TODAY đșđž
U.S. Initial Jobless Claims data is due today at 7 PM IST, and markets are paying close attention. đ
Yesterdayâs employment and unemployment numbers surprised to the upside, pushing rate-cut hopes sharply lower. As of now, markets are pricing in a 92% chance of NO rate cut, signalling the Fed remains firmly cautious.
đ Todayâs forecast: 225K jobless claims
The key question: Does labour market strength hold up again? đ€đ