U.S. Jobless Claims See First Increase in Three Weeks
TL;DR Summary
The number of Americans filing new claims for unemployment benefits increased more than expected last week, while producer prices unexpectedly fell in March, with underlying producer inflation subsiding. Despite this, the labor market and inflation are not cooling fast enough to stop the Federal Reserve from raising interest rates one more time next month.
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- U.S. weekly jobless claims rise by 11k to 239000, gold price jumps to daily highs Kitco NEWS
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