North Carolina jobless claims data were mistakenly understated in a weekly US Labor Department report on Thursday, as a technical error slashed the state’s tally by more than 19,000 https://t.co/gK2pduDqm0 ...

Well, we do get a snap back in jobless claims after the big rise last week. We fall back to 231,000. That's below the estimate.Last week was revised up by a thousand, so it was 264. But remember, this was all in theory because of fraud in Texas. Texas officials say there were a whole lot of illegal filings the week before, and that looks like it is the case.The ongoing claims number is 1,920,000. that falls from 1,927. So the jobless claims numbers improve, take a little bit of that edge off in terms of wha ...

You do get a snap back in jobless claims after the big rise last week, we fall back to 231,000. That's below the estimate. Last week was revised up by a thousand, so it was to 64.But remember, this was all in theory because of fraud in Texas. Texas officials say there were a whole lot of illegal filings the week before, and that looks like it is the case. The ongoing claims number is 1,920,000.That falls from 1,000,009 27. So the jobless claims numbers improved. Take a little bit of that edge off in terms o ...

We'll monitor further comments from the president, but right now, jobless claims in Philadelphia Fed manufacturing data hitting the wires. Rick Santelli standing by with those numbers. Rick.>> Yes. And there's some surprising issues here. Initial jobless claims expected to be 240,000 comes in light.231,000. That'll be the smallest number of initial claims going back to the third week in August. But here's the rub.263,000 last week, a jump at 37,000, and it was highly unexpected. It was said to be an error, ...

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

💥BREAKING:🇺🇸 United States Initial Jobless Claims $USD:- Actual: 231K- Expected: 241K- Previous: 264KBEARISH FOR CRYPTO. https://t.co/WEBGttmz6G ...

Paul, it seems that markets of various states are thinking very hard about things around the release of the statement and the press conference yesterday. Maybe risk assets just woke up this morning and said, okay, well, we'll take that more rate cuts. What did you take away from the Fed.Well, we could probably make this a ten minute hit rather than a three minute countdown to unpack everything that went on with the Fed on it. But I'll give you a couple of my thoughts on it. A couple of takeaways.One, the Fe ...

Market Overview - Major U.S. index futures indicate a slightly lower open on Friday, with potential profit-taking following a strong rally that led to record closing highs [1][4] - The Dow surged 617.08 points (1.4%) to 46,108.00, S&P 500 jumped 55.43 points (0.9%) to 6,587.47, and Nasdaq advanced 157.01 points (0.7%) to 22,043.07 [5] Economic Indicators - Recent data shows U.S. consumer prices rose by 0.4% in August, slightly above expectations of 0.3%, with annual growth accelerating to 2.9% from 2.7% [6][9] - Core consumer prices, excluding food and energy, rose by 0.3% in August, maintaining an annual growth rate of 3.1% [7] - Initial jobless claims unexpectedly increased to 263,000, up 27,000 from the previous week, marking the highest level since October 2021 [8] Federal Reserve Expectations - The Federal Reserve is widely expected to lower interest rates by at least 25 basis points, with a 92.5% chance of this occurring according to CME Group's FedWatch Tool [2] - Traders are focused on the Fed's upcoming monetary policy announcement and comments from Fed Chair Jerome Powell for indications of future rate cuts [3] Sector Performance - Computer hardware stocks performed strongly, with the NYSE Arca Computer Hardware Index rising 2.7% to a record high [10] - Networking stocks also saw a 2.7% increase, reaching a new record closing high, while biotechnology stocks rose by 2.6% [10] - Housing, telecom, and airline stocks experienced considerable strength, contributing to the overall market gains [11] Commodity and Currency Markets - Crude oil futures surged by $1.41 to $63.78 per barrel, while gold futures increased by $5.30 to $3,678.90 per ounce [12] - The U.S. dollar traded at 147.96 yen, up from 147.21 yen, and valued at $1.1705 against the euro, compared to $1.1734 previously [12]

Market Performance & Fed Policy Expectations - The market has already priced in a significant amount of exuberance, with the S&P 500 up almost 10% and the NASDAQ up almost 12% following a V-shaped recovery [1] - Markets have priced in more Fed easing than is currently reflected in Fed fund futures, which could be a cause for concern [4] - The market is questioning whether it is pricing in too much Fed easing, considering inflation numbers [5] Inflation & Economic Concerns - CPI data indicates persistent goods inflation and sticky services inflation, suggesting a higher inflation paradigm than the Fed desires [3] - A weakening jobs market coupled with rising inflation creates a challenging environment for consumers already facing increased prices due to tariffs and trade war uncertainty [6] - Jobless claims have reached a four-year high, the worst since October 2021 [8] - The current Fed policy of maintaining rates may be contributing to higher prices, particularly in shelter costs, which constitute a third of the CPI [9][10] Impact of Rate Cuts & Capex - A rate-cutting cycle could weaken the dollar and provide a tailwind for the stock market [7] - Significant capital expenditure (capex) has matched the consumer's contribution to two-thirds of GDP, acting as a substantial tailwind [7] - A pullback in capex and a weakening consumer could lead to a recession [8]

The latest inflation report out this morning is giving a snapshot of the state of the economy in addition to a surprising piece of jobs data. According to the consumer price index for August, the price of goods went up 0.4% month over month, 2.9% year-over-year. Also, the weekly jobless claims jumped to their highest level in four years.Here to break it all down, NBC News senior business correspondent Christine Romans. She joins us again. We also have Investopedia editor and chief Caleb Silver.Good morning ...