Uncertainty and risk continue to weigh on the outlook for the economy, but the latest nowcasts for the government’s second-quarter GDP report (due on July 30) are still pointing to recovery after Q1’s slight contraction.
Daily Archives: June 6, 2025
Macro Briefing: 6 June 2025
US jobless claims rose last week to the highest level since October, raising a possible warning flag for the labor market outlook. “Jobless claims continue to rise, but they are rising at a slow pace, so it’s a trend worth watching, but too soon to sound the alarm,” said Chris Zaccarelli, chief investment officer for Northlight Asset Management.
