US Jobless Claims Plunge, Adding To Case Against March Rate Cut

If you were looking for more evidence to suggest the US economy and labor market remain resilient and therefore that wagers on a March rate cut from the Fed might be misplaced, jobless claims obliged. Initial claims were just 187,000 in the week to January 13, Thursday's updated showed. That was the fewest since September of 2022. Consensus expected 205,000. Recall that the four-week moving average fell to 207,750 with last week's release, the lowest since mid-October. Now it's 203,250, the lo