April 4 (Reuters) – A look at the day ahead in U.S. and global markets by Harry Robertson
Data Jerome Powell wants, and data Jerome Powell shall get.
The Federal Reserve chair on Wednesday continued to play a familiar tune. “Given the strength of the economy and progress on inflation so far, we have time to let the incoming data guide our decisions on policy,” he said in a speech at Stanford University.
Thursday brings new numbers on weekly jobless claims for Powell and his colleagues to chew on. Economists think the number will come in at 214,000, up slightly from the week before but in line with the average over the last six months – and hardly commensurate with a faltering labor market.