Markets Pull Back Despite "Good" GDP, Durable Goods & Jobless Claims Prints
Schwab Network · Schwab Network
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Show Notes
GDP and durable goods orders showed signs of strength in the fight against inflation, while the latest jobless claims highlighted progress on the jobs front. Kevin Hincks considers the data strong but notes the market pullback ahead of the opening bell. The issue? Kevin attributes the selling action to comments made by Fed Chair Jerome Powell earlier this week. He tells investors to keep their ears open with more Fed speakers making comments Thursday.
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