Jobless Claims Next Focus in Labor, Paints Uncertain Rate Cut Picture
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Jobless Claims Next Focus in Labor, Paints Uncertain Rate Cut Picture
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Charles Schwab's Cooper Howard says this week's jobless claims data will be the next key data point investors will need to watch. With tariff dates moving later and uncertain inflation impact yet to be felt, Cooper believes the Fed will face an uncertain path for cutting rates by the September meeting. Later, he discusses global trends in yields and provides the case for why the U.S. yield curve will likely steepen this year.
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