Investors will keep a close eye on weekly jobless claims on Thursday for indications that the economic growth trend is still positive and support a Federal Reserve interest rate hike sooner rather than later.
Stocks traded choppily on Wednesday, searching for direction on the release of the Federal Open Market Committee’s March meeting minutes that showed policymakers were divided over the timing of a rate hike.
“The Fed—in reading through the minutes—they’re very focused on a sustained and consistent data trend. The one-offs are not going to affect them,” said Chris Gaffney, president of EverBank World Markets. “Tomorrow’s jobs data will probably hold a bit more importance than usual.”
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015