The Marked Chart Wire · Economy and the Fed
Economy
US jobless claims come in at 194,000
Initial jobless claims for the week ended October 24 stood at 194,000, matching the previous week's figure and coming in below the 198,000 forecast.
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More Economy and the Fed news
ECB
European Central Bank holds deposit rate at 2.5 percent
The European Central Bank kept its deposit facility rate unchanged at 2.5 percent in October, matching market expectations and the previous level.
HotGDP
Third quarter growth outpaces forecasts while price pressures persist
GDP expanded at a 3.4 percent annualized rate, beating the 3.2 percent estimate. Annual PCE inflation reached 3.6 percent in September, matching expectations but remaining above the Federal Reserve's 2 percent goal.
GDP
US third-quarter GDP growth beats expectations at 3.4 percent
The US economy expanded at an annualized rate of 3.4 percent in the third quarter, exceeding the 3.2 percent estimate. The PCE price index rose 2.1 percent, while core PCE inflation increased 2.5 percent quarter-over-quarter.
Inflation
US September PCE inflation matches market forecasts
The September PCE price index rose 0.5 percent month over month and 3.6 percent year over year. Core PCE increased 0.3 percent monthly and 3.1 percent annually, both in line with estimates.
HotFed
Stock futures mixed after Federal Reserve holds rates steady
US equity index futures traded in different directions on Thursday following the Federal Reserve's decision to keep interest rates unchanged.
HotFed
Warsh signals openness to higher rates while keeping options open
Federal Reserve Chair Kevin Warsh indicated a preference for higher interest rates but stated he would wait for economic data before making a final decision.
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