The PBoC's cut the SLF overnight rate to 2.75% The PBoC's cut the SLF overnight rate to 2.75% and the seven-day rate to 3.25%. These apply to loans made under the Standing Loan Facility. The central bank, which didn't provide the prevailing rates, said it would help develop a "market rate formation mechanism" by "facilitating the role of SLF interest rates in forming the ceiling of an interest rate corridor." Today's announcement follows a series of monetary loosenings this year.
U.S. Initial Jobless Claims Preview U.S. Initial Jobless Claims Preview: Claims for the week of November 14th are out Thursday and should reveal a headline improvement to 267k (median 270k) after holding at 276k for the prior two weeks. The holiday season is typically a volatile time for claims and analysts expect November to set a slightly higher average of 266k for the month from 263k in October and 269k in September.