U.S. weekly unemployment claims increase more than expected as labour market steadily eases

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Ebbing labour market momentum has put two rate cuts from the Fed this year back on the table

The number of Americans filing new claims for unemployment benefits increased more than expected last week as the labour market steadily eases.

Some the rise last week was likely related to seasonal issues, with school spring breaks out of the way. . Financial markets expect the U.S. central bank to start its easing cycle in September.

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