21 Apr 2016
US: All eyes on initial jobless claims and the Philly Fed – BBH
Research Team at BBH, suggests that the US economic calendar features weekly initial jobless claims and the Philly Fed’s April.
Key Quotes
“Neither are typically market movers, and this seems especially true today as they will overshadowed by the ECB meeting. For the record, the Philly Fed reading jumped to 12.4 in March after negative readings since last September. It may steady this month. It is best to compare the April reading (estimated around 9.0 with its Q1 average of 2). We note that the claims data is for the week of the BLS monthly jobs survey.”
Key Quotes
“Neither are typically market movers, and this seems especially true today as they will overshadowed by the ECB meeting. For the record, the Philly Fed reading jumped to 12.4 in March after negative readings since last September. It may steady this month. It is best to compare the April reading (estimated around 9.0 with its Q1 average of 2). We note that the claims data is for the week of the BLS monthly jobs survey.”