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- U.S. jobless claims likely to post another high reading? – TDS
U.S. jobless claims likely to post another high reading? – TDS
Analysts at TD Securities note the key data in the U.S. will be jobless claims and the Philadelphia Fed survey.
- "On claims, last week's 252K reading was well above the recent sub-220K trend and, on the surface, another relatively high reading, as we are forecasting, could suggest that the labor market is starting to weaken significantly. However, our 240K forecast reflects our second-guessing of the seasonal adjustment process, which is especially challenging at this time of year. We caution against extrapolating unless the rise is sustained in coming weeks.
- The Philadelphia Fed survey will mostly, but not entirely, reflect pre-China-trade-deal responses."
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