Another week, another eye-opening initial jobless claims number. The question is, will the week ahead continue the trend? It is hard to imagine claims rising above this weeks 6.6 million and the 10 million over the past two weeks. However, it will not surprise me if the upcoming claims number does eclipse 6.6 million. Expectations are for inflation to increase in the future; however, I believe in the near-term inflation will remain muted and even fall slightly as spending has decreased.
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