For the week ending October 26, seasonally adjusted initial jobless claims in the U.S. decreased to 216,000, marking a decline of 12,000 from the previous week’s revised level, which was adjusted up by 1,000 from 227,000 to 228,000.
For the week ending October 26, seasonally adjusted initial jobless claims in the U.S. decreased to 216,000, marking a decline of 12,000 from the previous week’s revised level, which was adjusted up by 1,000 from 227,000 to 228,000. This reduction reflects improving short-term labor market stability.
The 4-week moving average of jobless claims also saw a decrease, falling to 236,500—down by 2,250 from the prior week’s revised average. The previous week’s average was adjusted upward by 250, from 238,500 to 238,750. These figures suggest a moderate easing in unemployment claims as the U.S. labor market stabilizes.
Source: U.S. Department of Labor
Global markets traded cautiously as shifting Federal Reserve expectations and easing geopolitical risks continued to shape sentiment. President Trump warned he'll bomb Oman if it stands in Washington's way, as reports suggest Iran and Oman are moving toward a deal on Strait of Hormuz control.
Global markets started the week with the dollar under pressure as softer U.S. retail sales, inflation, and consumer sentiment reduced expectations for a September Federal Reserve rate hike.
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Cooling US Data Weakens Dollar Amid Energy Risks (17 – 21 August)Global markets entered the week with the US dollar under renewed pressure as softer inflation, retail sales, and employment data reduced expectations for another near-term Federal Reserve rate hike. The Dollar Index traded around 99.61, while markets assigned roughly a 65% probability that the Fed will keep rates unchanged at 3.50%–3.75% in September. Gold and silver extended their gains as the shift in Fed expectations supported precious metals, while the euro and pound benefited from the dollar’s declining yield advantage.
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