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U.S. jobless claims rose by 16,000 to 351,000 in the latest week, the Department of Labor said Thursday, pointing to a labor market that is still steadily healing from a deep but fairly brief covid-induced slump.

The Federal Reserve on Wednesday signaled it would likely start reducing its monthly USD120 billion bond purchase program at its next meeting in November, just as MNI reported more than a month earlier. The central bank also pointed to a more hawkish path for interest rates in its Summary of Economic Projections, also in line with MNI's reporting.

Source: DoL