U.S. Jobless Claims Rise For Third Week, Philly Fed Data Disappoints

Dan Deming looks at Thursday morning futures movement following more disappointing data from the Philly Fed, while Jobless Claims rose for the third straight week. He says given the recent earnings data hinting at major supply chain and inflationary issues, the Fed may have to adopt a less hawkish tone, which is starting to be reflected in the bond market.

Futures

19 May 2022

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