The number of initial jobless claims in the United States for the week ending June 20th was 215000, lower than expected
The number of initial jobless claims in the United States for the week ending June 20th was 215000, with an expected 225000, and the previous value was revised from 226000 to 227000. AI interpretation: The lower than expected number of initial jobless claims and the upward revision of the previous value directly prove that the demand in the US labor market remains strong. The unexpected resilience of the job market has eliminated short-term concerns about economic recession and provided solid support for the Federal Reserve to maintain high interest rate policies. The market's aggressive bet on interest rate cuts within the year has been forced to cool down, and the US dollar index has gained clear upward momentum. This data completely blocks the expected space for a recent shift towards loose monetary policy.