{"id":6709,"date":"2024-01-25T19:12:37","date_gmt":"2024-01-25T13:42:37","guid":{"rendered":"https:\/\/bigbreakingwire.in\/us-economic-snapshot-strong-q4-gdp-growth-jobless-claims-edge-up-and-the-feds-dilemma\/"},"modified":"2024-01-25T20:04:26","modified_gmt":"2024-01-25T14:34:26","slug":"us-economic-snapshot-strong-q4-gdp-growth-jobless-claims-edge-up-and-the-feds-dilemma","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/us-economic-snapshot-strong-q4-gdp-growth-jobless-claims-edge-up-and-the-feds-dilemma\/","title":{"rendered":"US Economic Snapshot: Strong Q4 GDP Growth, Jobless Claims Edge Up, and the Fed&#8217;s Dilemma"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/01\/bank-notes-941246_19202923320298542188669.jpg\" alt=\"US Economic Snapshot: Strong Q4 GDP Growth, Jobless Claims Edge Up, and the Fed&#039;s Dilemma\" class=\"wp-image-6707\" title=\"\"><figcaption class=\"wp-element-caption\">Image by Thomas Breher from Pixabay<\/figcaption><\/figure>\n\n\n\n<p>The preliminary report for US Q4 2023 GDP reveals a robust growth of 3.3%, surpassing expectations set at 2.0%.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>We are currently on a path towards 6 consecutive quarters of positive GDP growth, with no instances of two consecutive quarters of declining GDP since Q2 2022.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Despite the substantial outperformance in the initial GDP reading, it presents a dilemma for the Fed. While the economy appears resilient, there&#8217;s a potential downside as this may delay anticipated interest rate cuts.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>US Initial Jobless Claims stand at 214k, slightly exceeding the forecast of 200k and surpassing the previous figure of 187k.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>In the domain of US Durable Goods, actual growth remains stagnant at 0%, falling short of the anticipated 1.5% and trailing behind the previous rate of 5.4%.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Post the GDP data release, there&#8217;s an uptick in short-term interest-rate futures in the US as traders increase their bets on potential Federal Reserve rate cuts.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The preliminary report for US Q4 2023 GDP reveals a robust growth of 3.3%, surpassing expectations set at 2.0%. We are currently on a path&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[65,31,29,39],"tags":[1041,1039,1040,82],"class_list":["post-6709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigbreakingnow","category-business","category-finance","category-world","tag-economic-data","tag-gdp","tag-jobless-data","tag-usa","entry","rows"],"jetpack_publicize_connections":[],"modified_by":"bigbreakingwire","jetpack_featured_media_url":"https:\/\/bigbreakingwire.in\/wp-content\/uploads\/2024\/01\/bank-notes-941246_1920.jpg","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-1Kd","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/6709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=6709"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/6709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media\/6708"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=6709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=6709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=6709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}