EUR/USD
1.17641
-0.075%
Gold
5041.65
0.900%
Oil
65.963
-1.016%
USD/JPY
155.449
0.293%
GBP/USD
1.34757
0.097%
GBP/JPY
209.483
0.402%
Real-time News
JPMorgan Chase CEO Jamie Dimon sold $21 million worth of JPMorgan Chase stock.OpenAIs 200-person team is developing artificial intelligence devices, including a smart speaker.February 20th - US core PCE inflation rose more than expected in December, and various signs indicate that inflation will accelerate further in January, reinforcing market expectations that the Federal Reserve will not cut interest rates before June. Data released Friday by the US Bureau of Economic Analysis showed that, excluding volatile food and energy prices, the core PCE index rose 0.4% month-over-month in December, compared to economists forecasts of a 0.3% increase. The core PCE inflation rate rose 3.0% year-over-year, compared to 2.8% in November. Core PCE is one of the Federal Reserves most favored indicators. This data is included in the fourth-quarter GDP forecast report released Friday. Although the US Bureau of Labor Statistics Consumer Price Index report released last week showed a moderate increase in Januarys CPI, inflation in the service sector still exhibits some lag. Economists also noted a surge in legal services prices in January.February 20th - U.S. economic growth lagged behind expectations at the end of last year, dragged down by a record government shutdown, weak consumer spending, and trade. According to preliminary estimates released by the U.S. government on Friday, the annualized growth rate of gross domestic product (GDP) in the fourth quarter, adjusted for inflation, was 1.4%, down from 4.4% in the previous quarter. Data from the Bureau of Economic Analysis showed that the overall economy grew by 2.2% last year. The weak economic performance fell short of all expectations in a Bloomberg survey of economists, as the U.S. government was shut down for nearly half of the three-month period during the quarter. The Bureau of Economic Analysis stated that the government shutdown reduced GDP by about one percentage point. Despite the slowdown at the end of the year, these figures still marked a solid year for the U.S. economy. The U.S. economy contracted in the first quarter due to a surge in imports before tariffs took effect, but subsequently achieved one of its strongest growth rates in years. This turnaround was thanks to Trumps abandonment of the toughest tariffs and the Federal Reserves interest rate cuts, which propelled the stock market to record highs and enabled wealthy Americans to continue spending.February 20th - The U.S. economy slowed in the fourth quarter of last year, impacted by the record government shutdown and slowing consumer spending. Data released Friday by the Commerce Department showed that, after seasonal and inflation adjustments, the annualized growth rate of U.S. gross domestic product (GDP) in the fourth quarter was 1.4%. Economists surveyed by The Wall Street Journal had expected a figure of 2.5%. The fourth-quarter growth rate was a significant slowdown from the astonishing 4.4% growth rate seen in the summer. Federal government spending fell by 16.6% in the fourth quarter.