We have the weekly unemployment report, with initial unemployment claims rising by 6000 to 227,000 continuing claims rising by 10,000 to 1.7 million, and the 4-week moving average fell by 5,500 to 228,250.
I expect that the Fed will use this as a justification to further raise rates.
One thing that I know for sure, my predictions on this electronic medium are not worth the paper that they are printed on.
¯\_(ツ)_/¯
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.
In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).
I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)
I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.
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