Risk markets have traded better ever since reports surfaced yesterday afternoon that Republicans had offered a deal to Democrat leaders that would temporarily lift the debt ceiling. European stocks have been further boosted by declining energy prices. Senate Minority Leader Mitch McConnell said he will not block a debt ceiling extension into December as long as the extension includes a dollar limit, the latter of which is said to be a point of contention for Democrats. Initial jobless claims fell more than expected last week to 326,000, just above the current cycle low of 312,000 reached a month earlier. Cleveland Fed President Loretta Mester will participate on an inflation dynamics panel with ECB executive board member Philip Lane later this morning.
Chief Investment Officer
|10/7/2021||Challenger Job Cuts YoY||—||-84.90%||-86.40%||—|
|10/7/2021||Initial Jobless Claims||348k||326k||362k||364k|
|10/7/2021||Langer Consumer Comfort||—||—||54.7||—|
|10/8/2021||Change in Nonfarm Payrolls||500k||—||235k||—|
|10/8/2021||Two-Month Payroll Net Revision||—||—||—||—|
|10/8/2021||Change in Private Payrolls||450k||—||243k||—|
|10/8/2021||Change in Manufact. Payrolls||25k||—||37k||—|
|10/8/2021||Average Hourly Earnings MoM||0.40%||—||0.60%||—|
|10/8/2021||Average Hourly Earnings YoY||4.60%||—||4.30%||—|
|10/8/2021||Average Weekly Hours All Employees||34.7||—||34.7||—|
|10/8/2021||Labor Force Participation Rate||61.80%||—||61.70%||—|
|10/8/2021||Wholesale Inventories MoM||1.20%||—||1.20%||—|
|10/8/2021||Wholesale Trade Sales MoM||0.90%||—||2.00%||—|
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