DislikedAdds to the cut cause...
I just want to see the mess in case of a no-cut LOLIgnored
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The number of U.S. workers filing new claims for jobless benefits soared last week, suggesting that the housing recession and fears of weaker economic growth are taking a toll on hiring.
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That, in turn, could revive hopes for more interest-rate cuts by the Federal Reserve, particularly if the claims data are confirmed by other labor-market data in coming weeks.
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Futures markets are pricing in roughly even odds that the Fed will lower interest rates an additional 25 basis points when it meets Oct. 30-31, in order to ease the fallout from the ongoing contraction in housing. Thursday's jobless-claims figures, which encompass the survey period for the October employment report, may raise those rate-cut hopes.