US initial jobless claims fell more than expected last week, offering fresh evidence that layoffs remain limited despite signs of a gradual cooling in the labor market. Initial claims dropped by -12k to 215k in the week ended June 20, beating expectations of 225k. The previous week’s reading was revised to 227k. Meanwhile, the four-week […]
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The US personal consumption expenditures price index (PCE), Fed’s preferred inflation gauge, rose 4.1% y/y in May from unrevised 3.8% previous month, in line with expectations. May’s figure shows the largest increase and the first Read more…
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