Weekly jobless claims were 231K, the highest in 8 months is US, and this number was much more than analysts estimated. So, FED would have another good excuse to lower the rate.
However, as mentioned yesterday, Europeans are ready to lower the rate before US moves. Today, even Bank of England have mentioned about lowering the rate.
Why everyone is in rush to lower the rate so sudden? In these current economic circumstances, lowering the rate in advance, could means taking the economic power.
Europeans could have the opportunity of taking the global power from US once again since the second world war.
Does it sound too much exaggerated? Let’s wait and see who’s going to lower the rate first.
US stock market was up today.
DJ index was up 0.9%, S&P 500 Index was up 0.5% and NASDAQ index was up 0.3%.
As another proof showed US economy is cooling down fast, equity markets are preparing the ear of lowering the rate soon. FED would be ready to lower the rate soon.
