Crash, When will it come ? Message Board

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Strategies & Market Trends : Crash, When will it come ?

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To: Ms. Baby Boomer who wrote (857)	1/31/2019 11:24:21 AM
From: Ms. Baby Boomer	of 1437

U.S. weekly jobless claims race to near one- and-a-half year high... WASHINGTON (Reuters) - The number of Americans filing applications for unemployment benefits surged to near a 1-1/2-year high last week, which could raise concerns that the labor market is slowing. The jump in claims reported by the Labor Department on Thursday comes amid a recent deterioration in business and consumer confidence, which was partly blamed on a five-week shutdown of the federal government that has since ended. The Federal Reserve on Wednesday kept interest rates steady but said it would be patient in lifting borrowing costs further this year in a nod to growing uncertainty over the economy’s outlook. The U.S. central bank removed language from its December policy statement that risks to the outlook were “roughly balanced.” Initial claims for state unemployment benefits jumped 53,000 to a seasonally adjusted 253,000 for the week ended Jan. 26, the highest level since September 2017, the Labor Department said. The rise was also the largest since September 2017.... reuters.com M

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