GDP Revised to 2.4%, Initial Claims Decline—Cooling Inflation Supports Growth Outlook

From an industry perspective, private services-producing areas increased by 2.4%, while goods-producing industries increased by 2.3%. The government’s production increased by 2.7%, promoting the increasing role of fiscal expenditure. The actual gross production expanded a total of 1.7%, with an increase of 3.1% in government production. Inflation trend is stable Price index for gross domestic…

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Pending Home Sales Rise 2.0% in February; NAR Projects Stronger Housing Market in 2025

The pending home sales index (PHSI) increased to 72.0, which is still below the base line of 100 that reflects the 2001 market activity. Overall, pending transactions declined by 3.6% a year ago compared to the same month, underlining constant structural obstacles in the housing market. Horticulture rates remain significant obstacles NAR Chief Economist Lawrence…

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PCE, Income Beat Forecasts; Spending Slows—Fed Outlook in Focus as Inflation Persists

More information in our economic calendar.More inflation is threatened to fuel more than tariffs Whereas before the February data recent policy changes, the Lump Tariffs introduced by the Trump administration are increasing the approach to inflation. Fed officials divide on their potential impact. Susan Colins of Boston Fed flagged off a potential short -term spike,…

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Rising Jobless Claims and Manufacturing Slowdown Signal Labor Market Strains

More information in our economic calendar.State-level variations and industry-specific trimming Many states experienced remarkable changes in unemployed claims. California reported the highest growth with 4,280 additional claims, while Texas and Virginia also saw large -scale ups. Sorting in manufacturing, administrative services, transport and food services contributed to these growth. In contrast, New York saw a…

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U.S. Housing Starts Surge 11.2% in February, But Falling Permits Signal Future Slowdown

Building permit continues to decline Building permit, a major indicator of future building, fell to an annual rate of 1.456 million in 1.2% month. This decline increased the trend downward, with the permit now 6.8% from year to year. Single-family authorities remained relatively stable at 992,000 below 0.2% from January. However, permits for multi-family units…

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Jobless Claims Hit 221K, But Insured Unemployment Rise Sparks Concern

State-level trends and regional trimming State-level data reveals the conditions of the labor market mixed. The most significant increase in early claims was described in Massachusetts (+3,808), Road Island (+2,081), and Illinois (+1,539), mainly due to pruning in education, transportation, construction and manufacturing. In contrast, Kentaki (-3,074), California (-2,657), and Tennessi (-2,550) saw the greatest…

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Job Growth Disappoints in February with 151K Payrolls; Unemployment Up

Meanwhile, the private sector showed flexibility, with the healthcare major employment benefits. The region added 52,000 jobs, maintaining its strong pace for the last one year. Financial activities were also expanded, 21,000 posts were added, while transport and warehousing saw an increase in 18,000-numer. However, the job growth in social aid increased to 11,000, below…

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