Jobless claims hit eight-month low: What it means for the Fed

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U.S. initial jobless claims fell to its lowest level since January of 2023. What does this mean for the future of Federal Reserve rate hikes? MRB Partners Global Strategist Phillip Colmar joins Yahoo Finance Live to discuss. 

Colmar notes “if you’re not getting a recession, you’re not getting weakness, you’re getting a strong job market or a durable job market, the Fed has no hope of getting close to its two percent inflation target.”

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