Initial Jobless Claims And Continuing Claims Fall (Little Sign Of Covid Impacting Employment) Let The Taper Begin?

Well, it looks like The Fed will start tapering after all.

Initial jobless claims fell again to 348K and continuing jobless claims fell to 2,820K.

Unless Biden’s disastrous Afghanistan withdrawal sends shock waves through the global economy (or Covid Delta/Lamba variant strains get worse and hurt the economy), we should see The Fed start tapering their balance sheet.

The 10Y Treasury yield rose slightly on the jobs report.

The Tapir, the symbolic mascot of The Fed’s tapering programs.

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