Jobless Claims Hit 16-Month Low Amid Mixed Economic Signals on Growth and Rate Cut Timing
• Market trading has been mixed as jobless claims hit 16-month low • Wall Street expected economy to slow, leading to 2024 Fed rate cuts • Fed leadership warned against early cuts if economy does not warrant it • BMO strategist says expect "soft landing," with mixed data but stable trajectory • Editor's note says article written by Nicholas Jacobino