- Focus on U.S. jobless claims and Fed speak – TDS
Market news
9 January 2020
Focus on U.S. jobless claims and Fed speak – TDS
- Analysts at TD Securities note the U.S. seasonally adjusting jobless claims data is especially challenging around this time of year, so they caution against extrapolating if the weekly reading is up or down significantly.
- "If anything, we see downside risk this week.
- The Philadelphia Fed will release its annual revision to the seasonal adjustment factors for its manufacturing survey; revisions are typically minor.
- Fed Vice-Chair Clarida and Presidents Kashkari, Williams, Barkin, Evans and Bullard will be speaking throughout the day. The message will likely once again be that policy is on hold until there is a "material" change in the outlook."
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