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The Marked Chart Wire · Economy and the Fed
ECB
The European Central Bank kept its deposit facility rate unchanged at 2.5 percent in October, matching market expectations and the previous level.
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Fed
Larry Hassett stated that the Federal Reserve will likely respond if October inflation data comes in significantly higher than expected.
HotGDP
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.
Economy
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.
GDP
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
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
US equity index futures traded in different directions on Thursday following the Federal Reserve's decision to keep interest rates unchanged.
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