Jobless Claims, Consumer Credit, & Currencies
March 24, 2016    Disclosures    POSTED IN  Personal Finance


The Daily Three is a daily post of the top economic headlines, chosen by our Investment Committee.

Initial jobless claims fell from 276,000 to 267,000 last week.  This extended the streak of claims under 300,000 to 57 consecutive weeks, the longest since 1973. CNBC

Volatility in the major nation currency markets rose to the nearly the highest level since 2011. Bloomberg

Consumer credit grew at an annual pace of 5.8% in March. Non-revolving credit, which includes student debt and auto loans continues to grow at a quicker pace than revolving credit, which includes credit cards. Since the recession ended June 2009, growth in non-revolving credit has outpaced revolving credit by a wide margin.

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