The U.S. Department of Labor is due to publish the number of new weekly jobless claims filed last week at 8:30 a.m. ET on Thursday. Economists surveyed by Dow Jones are expecting a total of 425,000 Americans to have filed unemployment benefits in the week ended May 22. In the week prior, jobless claims reached a fresh pandemic-era low of 444,000.
Investors are watching jobs data closely, as the Federal Reserve has said it will wait for a fuller recovery in the labor market before it looks at tapering its asset purchases and raising interest rates.
In fact, Plassard argued that the "longer the Fed does nothing, the more likely it is to lose control of inflation altogether." He expected the Fed's narrative on monetary policy to change ahead of its September meeting, "or even in August" at its annual economic symposium in Jackson Hole. However, Plassard believed it would not be a shock for the market.
"I believe that tapering is a good thing and I believe that we can live with higher rates and with lower assets to be bought by the Federal Reserve," he said.
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
Mad respect to doctors & medical professionals, trying their best to save lives in Chin State under troublesome conditions. 3 surgeries were done & 30 lives were saved on May 26 alone. May27Coup StopInternetRestrictions WhatsHappeningInMyanmar
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