U.S. Jobless Claims Drop While Consumer Inflation Expectations Rise
-
U.S. jobless claims dropped more than expected last week to 209,000, the lowest level in over a month, suggesting the labor market is not cooling as quickly as expected
-
Orders for long-lasting manufactured goods fell more than expected in October, indicating underlying economic momentum is fading
-
The dollar rebounded from a 2-1/2 month low against a basket of currencies ahead of the Thanksgiving holiday when liquidity starts to dry up
-
U.S. consumer inflation expectations rose for a second straight month in November based on a University of Michigan survey
-
The euro declined after ECB policymakers signaled interest rates are close to peaking or may have already reached their peak in the current cycle