The Week Ahead – US Jobs, RBA, BNM meetings, inflation in SZ, KR, PH, TH, ID and Scandi PMIs
Nomura – The Week Ahead
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The Rise in Initial Jobless Claims Could Lead to a Downside Surprise in NFP
Initial jobless claims are up three weeks in a row now. And that's starting to look a little bit like a trend, says Boulden. But the latest increase is more noise than signal, he adds. The underlying pace of growth is likely to remain uncomfortably strong for the Fed,. though, keeping them on track to deliver a rate hike at their July meeting.
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