US initial jobless claims for the week ending October 17 came in at 194,000, below the 200,000 estimate and down from a revised 199,000 prior week.
FirstSquawk10/22, 07:31 PM
- 194K
- 199K
- EST 200K
Figures as quoted by FirstSquawk
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
USD
Would push up
DaysMedium confidence
Lower jobless claims suggest labor market strength, which can reduce pressure for Fed easing.
US10Y
Would push up
DaysMedium confidence
A tighter labor market read can keep yields supported ahead of the Fed decision.
What could change this
If upcoming inflation or growth data due October 29 comes in soft, the supportive read for USD and yields could weaken.
DXY before and after this story
101.75+0.12%vs previous close
-0.03%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
10/19, 11:00 AMNow