U.S. government debt prices were higher Thursday morning after the Federal Reserve revealed concerns about the uncertainty of the country's economic recovery.
Minutes released Wednesday from the Federal Open Market Committee's last monetary policy meeting showed that central bank policymakers see the U.S. recovery from the coronavirus-induced downturn as "highly uncertain."
All eyes Thursday will be on initial jobless claims, set for publication at 8:30 a.m. ET. First-time jobless claims totaled 963,000 last week and are expected to come in at 925,000 for the week ending Aug. 15, according to a Reuters poll. Geopolitical tensions remain on investors' radar. Secretary of State Mike Pompeo on Wednesday warned Russia and China not to contravene the reimposition of UN sanctions on Iran. Pompeo has been instructed by President Donald Trump to trigger the measures at the UN Security Council in New York on Thursday.
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