Jump In Jobless Claims, Soft PPI Lift Fed Rate-Cut Odds; S&P 500 …

Jun 13, 2024 · Fed Rate-Cut Odds. After the jobless claims and PPI data, markets were pricing in 68% odds of a rate cut by the Sept. 18 Fed meeting, up from around 62% before the data, …

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Jump In Jobless Claims, Soft PPI Lift Fed Rate-Cut Odds; S&P 500 …

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Jun 13, 2024 · Fed Rate-Cut Odds. After the jobless claims and PPI data, markets were pricing in 68% odds of a rate cut by the Sept. 18 Fed meeting, up from around 62% before the data, …

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Jobless Claims Fall, But Big Fed Rate Cut Still Warranted

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Aug 8, 2024 · Jobless Claims Fall, But Big Fed Rate Cut Is Still Warranted; S&P 500 Rises ... in 55.5% odds of a half-point Fed rate cut by the close of the Sept. 18 meeting, down from 69% …

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68%
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Jump In Jobless Claims, Soft PPI Lift Fed Rate-Cut Odds; S&P 500 …

2 weeks from now

Fed Rate-Cut Odds After the jobless claims and PPI data, markets were pricing in 68% odds of a rate cut by the Sept. 18 Fed meeting, up from around 62% before the data, according to the …

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Jobless Claims Fall, But Big Fed Rate Cut Is Still Warranted; S&P …

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The S&P 500 rallied 1.9% in Thursday morning stock market action, following the encouraging jobless claims data. On Wednesday, the S&P 500 added 0.8%, but still finished 8.25% below …

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FAQs about Jump In Jobless Claims, Soft PPI Lift Fed Rate-Cut Odds; S&P 500 … Coupon?

How much did the S&P 500 rise after PPI data?

S&P 500 futures rose 0.3% after the PPI data in early Thursday stock market action. On Wednesday, the S&P 500 rose 1%, finishing at a new record closing high for the 28th time this year. ...

Why are jobless claims so low in 2024?

Jobless claims have stayed relatively low this year, averaging around 213,000 per week in early 2024 before increasing slightly in May and reaching 250,000 in July. Economists believe the higher interest rates implemented earlier by the Fed have contributed to a slight cooling of the labor market, yet layoffs remain low by historical standards. ...

Will the Fed cut a quarter-point rate on Sept 18?

Odds of a quarter-point rate cut on Sept. 18 jumped from around 50% before the CPI to 73%, subsequently easing back to 62% after the Fed policy update and Chair Powell's news conference. S&P 500 futures rose 0.3% after the PPI data in early Thursday stock market action. ...

Will fed policymakers offer a hawkish forecast for rate cuts next year?

While a rate cut was already a done deal for the Dec. 18 Fed meeting, today's data, including a jump in initial jobless claims, lowers the risk that Fed policymakers will offer a hawkish forecast for Fed rate cuts next year when they update quarterly projections next week. ...

What happened to jobless benefits in June?

Initial claims for jobless benefits rose 13,000 to 242,000 in the week through June 8. That lifted the four-week average to 227,000 from 222,250. The overall producer price index for final demand fell 0.2% on the month, way below +0.1% forecasts. The PPI rose 2.2% from a year ago, undercutting 2.5% estimates. ...

What happened to jobless claims?

The four-week average for jobless claims, which helps to smooth out weekly volatility, dropped by 9,750 to 227,250 reflecting a broader stability in the job market. Applications for jobless benefits, widely viewed as an indicator of layoffs, have remained relatively low throughout the year. ...