What Fed Moves & Labor Market Suggest About The Chance Of A Soft Landing

Well, we do have a tight labor market, it's not just in the initial unemployment claims numbers, it's in the job openings versus the hiring numbers, notes Steven Ricchiuto. He and Tuan Nguyen discuss labor market trends to watch. They talk about what Fed moves and the labor market suggest about chance of a soft landing. They then go over the key takeaways from week of June 17th jobless claims. Initial claims came in at 264K versus an estimated 260K, continuing claims came in at 1.759M versus an estimated 1.782M, and the 4-week moving average was 255.75K versus a prior 247.25K. Tune in to find out more about the stock market today.