US Initial Jobless Claims (Jan/31) 231K vs. Exp. 212K (Prev. 209K, Low. 205K, High. 219K)
The latest Initial Jobless Claims data came in at 231K, exceeding expectations of 212K and marking an increase from the previous week's 209K.
BofA Consumer Checkpoint: W/e January 31st total card spending -3.2% Y/Y (vs. prior week +6.6% Y/Y) and the slowdown was most likely due to Winter Storm Fern
Hims & Hers (HIMS) says it will sell a copy of Novo's (NOVOB DC) Wegovy pill at USD 49/mnth
US Initial Jobless Claims (Jan/31) 231K vs. Exp. 212K (Prev. 209K, Low. 205K, High. 219K)
BoE Governor Bailey (Q&A) says mortgage market is one of the reason MPC needs to exercise 'judgement' on course of monpol
BoE Governor Bailey (Q&A) says MPC does not spend its time talking about political risks
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This higher-than-expected print suggests a potential softening in the labor market, which could influence market sentiment regarding Fed policy and expectations for interest rate adjustments going forward.
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