U.S. gross domestic product in the fourth quarter of 2023 was upwardly revised in the third estimate released Thursday, indicating a deceleration compared to the previous quarter but still maintaining a solid pace of growth. Concurrently, the latest report from the U.S. Labor Department showed a lower-than-expected pace in weekly unemployment benefit claims. Thursday’s Economic Data: Key Highlights In the...

NEW YORK (Reuters) - Federal Reserve Governor Christopher Waller said on Wednesday that recent disappointing inflation data affirms the case for the U.S. central bank holding off on cutting its short-term interest rate target. There is no rush to cut the policy rate right now, Waller said in a speech prepared for delivery before an Economic Club of New York...

(Reuters) - Global ratings agency S&P affirmed its AA+ long-term and A-1+ short-term unsolicited sovereign credit ratings on the U.S. on Thursday, and kept the outlook on the long-term rating as 'stable'. A diversified and resilient economy with solid growth, extensive monetary policy flexibility, and benefits associated with the unique status as the issuer of the world's leading reserve currency...

07:47 AM EDT, 03/28/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday ahead of a busy data schedule that starts with weekly jobless claims and the final estimate of Q4 gross domestic product, both at 8:30 am ET. The final University of Michigan consumer sentiment index for March and pending home sales data for...