While the Bank of England is holding its interest rates, the Swiss National Bank cut rates for the second time in 2024. These headlines add weight to the question on every investor's mind:The US Department of Labor reported higher-than-expected jobless claims as 238,000 Americans filed for new unemployment benefits last week, while US housing starts and building permits prints came below expectations.
And we have fresh jobs and housing data out this morning on the jobs front 238,000 people filed new claims for unemployment benefits for the in June 15th and that's a few 1000 higher than analysts expected, but it's a decline from previous weeks and those weeks were at revised levels.They came in below expectations.
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