- The economy grew faster than expected in the 4th quarter, fueled by strong consumer spending and defying predictions of a recession in 2023.
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- Initial jobless claims rose 25K last week to 214K. Although that is the highest level in a month, it still signals a strong labor market.
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- Orders for durable goods, or products made to last at least 3 years, were unchanged in December. Economists had expected a slight increase.
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