MAY 09. Europeans could lower the rate prior to US this time.

Chun09
5 min readMay 10, 2024

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.

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Chun09

Trying every day, engraving what we’ve been through