US Jobless Claims Highest Since October 2021, Raising Chance for Fed Rate Pause

US Jobless Claims Highest Since October 2021, Raising Chance for Fed Rate Pause

WASHINGTON (Sputnik) – The number of Americans on jobless benefits has hit 1-½ year highs, according to weekly data from the Labor Department on Thursday that raised the chance for the Federal Reserve to withhold interest rate hikes from June as the central bank advances in its fight against inflation.

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