US expansion milder than expected, bond selloff arrested
Kia ora,Welcome to Friday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news weaker US data has halted the bond selloff.But first, the actual number of US initial jobless claims rose marginally last week, and the number of people on these benefits was actually unchanged from the prior week at 1.7 mln although that was a small increase from year-ago levels.However, Q1-2024 GDP was revised lower to +1.3% in their second estimate, from +1.6% in the…
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