The latest economic data shows that the US PCE Prices QoQ Final for Q1 came in at 3.4%, exceeding the expected 3.3% and previous 1.8%. Additionally, the Core PCE Prices QoQ Final for Q1 was 3.7%, higher than the expected 3.6% and previous 2%. Initial Jobless Claims for the week ending June 22 were 233k, below the expected 236k, with continuing claims at 1.839M.
JUST IN: ๐บ๐ธ Jobless Claims 233K, survey 238K ๐บ๐ธ Continuing Claims 1,839k (+18k) ๐บ๐ธ Q1 2024 GDP comes in at 1.4% vs 1.3% est $SPY $QQQ
Jobless claims continued their choppy but gradual grind higher last week. Initial jobless claims of 233k (sa) during the week ending June 22 was below expectations (235k cons, 245k Arch) but remained in an uptrend when smoothing through the week-to-week noise. Continuingโฆ https://t.co/4e5dIVGf7Q
โ ๏ธBREAKING: *U.S. Q1 CORE PCE PRICES RISE 3.7% Y/Y; EST. 3.6%; PREV. 2.0% *HIGHEST SINCE Q2 2023 ๐บ๐ธ ๐บ๐ธ https://t.co/uVkMwQvQUd
Initial jobless claims of 233k came in lower than expected, but it marked the third straight week of claims of more than 230k. https://t.co/tjdaj1JKkE
- U.S GDP Annualized QoQ Q1 ACTUAL: 1.4% vs 1.3% Previous; EST 1.4% - U.S Initial Jobless Claims ACTUAL: 233K vs 238K Previous; EST 235K - Durable Goods Orders 0.1%, Exp. -0.5%, Last revised from 0.6% to 0.2% https://t.co/DTIJpmku9v
Initial jobless claims down to 233k vs. 235k est. & 239k in prior week; continuing claims at 1.839M vs. 1.828M est. & 1.821M prior โฆ greatest increases in NJ (+5.3k), MA (+3.7k), & CT (+1.3k); greatest decreases in MN (-3k), PA (-2.5k), & TX (-2.5k) https://t.co/naOq8Y9Mkm
Morning Macro Quarterly GDP and PCE (no forecasting ability for tmrw) - 1.4% 1Q GDP vs est 1.4% - Personal consumption 1.5% vs est 2.0% (MISS) - GDP Price Index 3.1% vs 3.0% est - Core PCE QoQ 3.7% vs est 3.6% - Initial Jobless Claims 233k vs est 235k - Continuing Claims 1839kโฆ
Final quarterly core PCE prices metric comes in a touch higher at 3.7%. Highlights the sharp uptick in inflation pressures seen in Q1. https://t.co/sjOHi4CBVE
Q1 PCE Prices up to 3.4% - highest since Q1 2023 https://t.co/ZpNda9l0re https://t.co/xYEM6wcdad
United States Initial Jobless Claims 4-week average up to 236K in June 21 from previous 232.75K
INITIAL JOBLESS CLAIMS: 233K V 235KE; CONTINUING CLAIMS: 1.839M V 1.828ME Q1 FINAL GDP ANNUALIZED Q/Q: 1.4% V 1.4%E; PERSONAL CONSUMPTION: 1.5% V 2.0%E Q1 FINAL GDP PRICE INDEX: 3.1% V 3.0%E; CORE PCE Q/Q: 3.7% V 3.6%E MAY PRELIMINARY DURABLE GOODS ORDERS: 0.1% V -0.5%E
United States Initial Jobless Claims came in at 233K, below expectations (236K) in June 21
โข U.S. Q1 GDP (3rd Read) +1.4%, (Est. +1.3%) โข Initial ๐บ๐ธ Jobless Claims at 233K, (Est. 236K) โข Continuing Jobless Claims at 1,839K, (Est. 1,828K)
1Q FINAL PCE PRICE INDEX +3.4% VS PRELIM +3.3% 1Q FINAL CORE PCE PRICE INDEX +3.7% VS PRELIM +3.6% 1Q FINAL PURCHASES PRICE IDX +3.1% VS PRELIM +3.0% 1Q FINAL CHAIN-WEIGHTED PRICE IDX +3.1% VS PRELIM +3.0% 1Q CONSUMER SPENDING +1.5% VS PRELIM +2.0%
Unemployment Insurance Weekly Claims Initial claims were 233,000 for the week ending 6/22 (-6,000). Insured unemployment was 1,839,000 for the week ending 6/15 (+18,000). https://t.co/ys7Eg5LKAW https://t.co/2vvOZSlVZI
US CORE PCE PRICES FINAL ACTUAL 3.7% (FORECAST 3.6%, PREVIOUS 3.6%) $MACRO
๐บ๐ธ PCE Prices QoQ Final (Q1) Actual: 3.4% Expected: 3.3% Previous: 1.8% https://t.co/rdT5wcEQGv
๐บ๐ธ Core PCE Prices QoQ Final (Q1) Actual: 3.7% Expected: 3.6% Previous: 2% https://t.co/rdT5wcEQGv
*US JOBLESS CLAIMS 233,000 IN JUNE 22 WEEK; EST. 235K *US PRELIM MAY DURABLE GOODS ORDERS RISE 0.1% M/M; EST. -0.5% https://t.co/36lJFi0pu4
๐บ๐ธ United States PCE Prices (Q1) $USD Actual: 3.4% ๐ข Expected: 3.3% Previous: 1.8%
๐บ๐ธ United States Real Consumer Spending (Q1) $USD Actual: 1.5% ๐ด Expected: 2.0% Previous: 3.3%
๐บ๐ธ United States Jobless Claims 4-Week Avg. $USD Actual: 236.00K Previous: 233.00K
US GDP (Annualised QoQ - Q1 - F): 1.4% vs. 1.4% exp. (2nd est. 1.3%, Q4 3.4%) Core PCE Deflator (QoQ): 3.7% vs. 3.6% exp. (2nd est 3.6%, Q4 2.0%)
๐บ๐ธ United States Core PCE Prices (Q1) $USD Actual: 3.70% ๐ข Expected: 3.60% Previous: 2.00%
US Jobless Claims Initial (w/e 22 Jun): 233k vs. 235k exp. (prior 238k) Contd (w/e 15 Jun): 1.839mln vs. 1.828mln exp. (prior 1.828mln) Note - continuing claims print pertains to the June NFP survey week
Heads Up:๐บ๐ธ PCE Prices QoQ Final (Q1) due at 12:30 GMT (15min) Expected: 3.3% Previous: 1.8% https://t.co/rdT5wcEQGv
Heads Up:๐บ๐ธ Core PCE Prices QoQ Final (Q1) due at 12:30 GMT (15min) Expected: 3.6% Previous: 2% https://t.co/rdT5wcEQGv
Heads Up:๐บ๐ธ Initial Jobless Claims (Jun/22) due at 12:30 GMT (15min) Expected: 236K Previous: 238K https://t.co/rdT5wcEQGv