Daily Market Update 3/2/17

Rates faced upward pressure Thursday in volatile trading.  This morning, weekly Jobless Claims fell to 223,000, well below the consensus forecast of 245,000, to the lowest level since 1973.  Market expectations for a Fed rate hike in March jumped to 65% following comments by several Fed officials this week indicating employment and inflation were approaching target levels.  No other key economic data will be released today.

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