US jobless claims came ## analysts's expectations. Jobless Claims:
- Actual: 232K. Expected 235k. Previous 229k.
Data came slightly lower than expected at 232k which suggest that labor market is still strong.
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The US500 jumped by almost 15 points after the publication, but the price is likely to come down afterward. The labor market remains strong, which increases investors' confidence in a soft landing. Inflation data has recently decreased, and investors perceived the comments from FED members yesterday as dovish.
US500 index, 5m timeframe, source: xStation 5
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