The macro data released today is extremely ambiguous because on the one hand, Initial Jobless Claims turned out to be less than expected (bad because it only strengthens the hypothesis that the labor market is strong and the rate cannot be lowered) on the other hand, while we have facts that the Federal Reserve still manages to make a soft landing
USA - GDP (1Q 2024) = +1.4% Q/Q (EXPECTED +1.3% / PREVIOUSLY +3.4%)
USA - Initial Jobless Claims = 233 thousand (expected 236 thousand / previously 239 thousand)
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