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ECRI Co-Founder Says Weak Jobless Claims Keep Fed on Track

Lakshman Achuthan notes that lower U.S. jobless claims indicate the Federal Reserve is maintaining its current policy course.

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Terms & Concepts
  • Jobless Claims: A measure of the number of individuals filing for unemployment benefits, indicating the health of the labor market.
  • Federal Reserve (Fed): The central banking system of the United States, responsible for monetary policy and regulating financial institutions.