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Chart Of The Day: Consumer Spending, GDP & Credit Card Debt

Monday to Friday, Mike Carr highlights a chart that catches his eye — and what it could mean for markets or the economy going forward. Check out his analysis from the last week below.

Unemployment Claims Point to a Rate Cut

Initial filings for unemployment benefits hit their highest level since late August 2023. Jobless claims totaled 231,000 for the week ending May 4. That’s up 22,000 from the previous period and higher than the Dow Jones estimate of 214,000.

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