The number of Americans filing for unemployment benefits rose to 219,000 for the week ending April 4, slightly above the expected 210,000. Meanwhile, the U.S. economy's growth for the fourth quarter was revised down to an annualized rate of 0.5%, missing the forecast of 0.7% and down from the previous estimate of 0.70%. The core Personal Consumption Expenditures (PCE) price index for the fourth quarter remained steady at an annualized rate of 2.7%, aligning with expectations. Additionally, the core PCE price index for February increased by 0.4% month-over-month, matching forecasts.
U.S. Jobless Claims Rise Slightly; Q4 GDP Growth Revised Down
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
