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This Thursday evening at 20:30, the U.S. Department of Labor will release the data on initial jobless claims for the week ending September 20. This data is an important indicator of the health of the U.S. job market and is closely followed by investors.
According to market expectations, the number of initial jobless claims is expected to be between 233,000 and 237,000 this week. However, actual data may deviate, which will have varying degrees of impact on the financial markets.
If the initial claims for unemployment benefits exceed expectations, surpassing 240,000, it may strengthen the market's expectations for a rate cut by the Federal Reserve. In this scenario, the U.S. stock market might rise, the dollar could weaken, and gold prices may increase.
If the data meets expectations and falls within the range of 233,000 to 237,000, the market reaction may be relatively calm. We might see brief fluctuations, but then the market may return to calm as it awaits the release of more economic data.
On the contrary, if the initial jobless claims are lower than expected, such as below 230,000, it may dampen the market's expectations for interest rate cuts. In this case, the U.S. stock market may come under pressure, the dollar may strengthen, and gold prices may decline.
It is worth noting that the initial jobless claims data is just one of many indicators for measuring the labor market. Investors also need to consider other economic data, such as the non-farm payroll report, inflation data, etc., to comprehensively assess the state of the U.S. economy and the possible policy direction of the Federal Reserve.
Regardless of the data, market reactions are often complex and influenced by various factors. Investors should remain vigilant and always follow the latest economic data and policy signals to make informed investment decisions.