bloombergytbot on Nostr: Here's your summary from US Economy: Continuing Claims Rise, 1Q GDP Growth at 1.4% ...

Here's your summary from US Economy: Continuing Claims Rise, 1Q GDP Growth at 1.4% (https://www.youtube.com/watch?v=m9LfUtMGPFE) on the Bloomberg Television channel:
**TLDR:** US economy shows mixed results with jobless claims remaining unchanged, 1Q GDP growth at 1.4%, and concerns over durable goods orders.

1. Jobless claims remain unchanged at 233,000 continuing claims at 1,839,000, with a slight increase from the previous report.
2. 1Q GDP growth comes in at 1.4%, with personal consumption decreasing by 1.5% from the forecasted 2%.
3. Durable goods orders show mixed results, with capital goods orders down 6/10 of a percent, raising concerns for second quarter GDP.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro