But news of a forecast-busting jump in jobless claims for last week — to the highest since October 2021 — cemented the belief officials will pause until next month.
Thursday’s figures came after last week’s key non-farm payrolls data for May, which was taken as being healthy enough to suggest the economy was in good shape but weak enough to give the Fed room to hold fire for now.All three main US indexes ended higher, with the S&P 500 entering a bull market after rising more than 20 percent from its October low.
Traders are now awaiting the release of the key US consumer price index next week, which comes ahead of the Fed policy decision, but with bets on a pause growing, observers said the July meeting was already in focus.
Expectations were ramped up Thursday after a key government adviser said borrowing costs should come down to help struggling firms’ financing ability.
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