Initial Jobless Claims Near Record Lows, Continuing Claims At 2-Year-Highs
Prior week 202K (were estimating 220K)
Initial jobless claims 205K vs 215K estimate
4-week MA jobless claims
Continuing Claims 1.865M vs 1.888M estimate. Prior week 1.876M
4-week MA continuing claims
US Q3 2023 GDP (third reading) +4.9% vs +5.2% expected
The second reading was +5.2.%
GDP revised lower.
The Q2 final reading was +2.1%
Details:
Consumer spending +3.1% vs +3.6% prelim
Consumer spending on dur...

Important to note that it's not a surefire thing that it'll be rescheduled to III. This is just the HHS recommendation to the DEA which is binding only so far as scientific evidence for scheduling. There's still the unknown of politics that could drive the DEA to schedule it differently, such as II or even keep it in I. That said, this is a huge deal and in my opinion schedule III is more likely than not.
NEW: US health off...