US Labor Market Shows Resilience with Steady Jobless Claims and Rising Treasury Yields

Weekly US jobless claims hit a three-month low, indicating a stable labor market despite sluggish hiring, which may support the Federal Reserve's decision to keep interest rates unchanged. Inflation pressures are rising due to tariffs, and the housing market remains weak with declining home sales and rising inventory. Overall, the economy shows resilience but faces challenges from trade policies and high borrowing costs.