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U.S. Economy

US Initial Jobless Claims (Aug/08) 209k vs. Exp. 202k (Prev. 200k)

StockNow breaking-news AI analysis

US Initial Jobless Claims rose to 209k, missing expectations. Markets reflect a 'low hire, low fire' trend, paring back September rate hike bets as Fed officials debate labor market resiliency.

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U.S. Markets

PPI PCE Components (July)

Fed

Fed's Hammack (Voter, Hawkish Dissenter) reiterates the need to raise rates right now; labour market is stable, inflation data amid recent shocks has risen

Geopolitics

Iran says Tehran-Muscat talks are ongoing, and are progressing positively, having achieved progress on several levels, reports Al Mayadeen