U.S. Economy Showing Resilience Despite Risks - Jobless Claims Edge Up But Growth, Retail Sales and Housing Data Point to Momentum
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Number of Americans filing new unemployment claims rose marginally, a sign the economy is regaining momentum
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Retail sales and housing starts data suggest more economic growth in Q4 than previously expected
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Inflation cooled more than initially reported in Q3, a remarkable development
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Economic growth confirmed at a solid 4.9% rate in Q3, revised down slightly from 5.2%
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Risks remain with struggling manufacturing, but loosening financial conditions and falling inflation supportive of continued moderate growth