24th February 2023

  • US Unemployment Claims Drop to Lowest Level in Three Weeks

Applications for jobless benefits fell to 192,000 last week

Continuing claims decreased 37,000, the most since December

https://blinks.bloomberg.com/news/stories/RQJEDYT1UM0W

  • Honky-Tonk Wage Hikes Keep the Pressure on Prices — and Powell

Paychecks are climbing at the service businesses eyed by Fed

That’s feeding through into closely-watched inflation gauge

https://blinks.bloomberg.com/news/stories/RQFNPAT0G1KW

  • Summers Sees Signals of a Sharp Drop-Off in Economic Activity

Former Treasury chief says data on current conditions strong

Leading indicators suggest risk of ‘Wile E. Coyote’ moment

https://blinks.bloomberg.com/news/stories/RQJKZZT0G1KW

  • US Fourth-Quarter GDP Revised Lower on Weaker Consumer Spending

Revision shows 2.7% annual gain versus 2.9% initial estimate

Federal Reserve’s key inflation metrics were revised higher

https://blinks.bloomberg.com/news/stories/RQJDCAT0G1KY

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