Morgan Stanley: Initial jobless claims data alleviating market concerns again helps the Fed cut rates in September

ChainCatcher news, according to Jin10 reports, the U.S. Department of Labor announced on Thursday that for the week ending August 17, the number of initial jobless claims increased by 4,000, reaching 232,000 after seasonal adjustment, slightly exceeding the expected 230,000.

Chris Larkin from Morgan Stanley E*Trade stated that the latest initial jobless claims indicate that the labor market is slowing but remains resilient, which should help the Federal Reserve begin to cut interest rates in September.