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Fed podría tener que tomar más medidas para mantener tasas de corto plazo en terreno positivo
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Fed podría necesitar apoyo para mantener tasas a corto plazo positivas
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WASHINGTON (Reuters) - The number of Americans filing new applications for unemployment benefits decreased modestly last week as the COVID-19 pandemic tears through the nation, raising the risk of a second straight month of job losses. Initial claims for state unemployment benefits totaled a seasonally adjusted 900,000 for the week ended Jan. 16, compared to 926,000 in the prior week, the Labor Department said on Thursday. Economists polled by Reuters had forecast 910,000 applications in the latest week. Out of control coronavirus infections are disrupting operations at businesses like restaurants, gyms and other establishments where crowds tend to gather, reducing hours for many workers and pushing others out of employment.
stands ready to do more. the fed cutting its growth forecast and warning that the unemployment forecast is dimmer. that put a little bit of a spook on the markets. this is the first time we ve seen a fed meeting that the markets didn t react positively. most of the asian markets closing lower. the south korean kospi index down by 14 points. in europe many markets opening in the red as well. right now that the ftse is down by 30 points, france is off by 13 points, greece is the biggest decliner. at 8:30 eastern time we get weekly jobless claims. very important number for the markets. huge market mover in past weeks. then at 10:00 we ll get existing home phillies, philly fed. andrew has the corporate headlines. we do have some company news. let s start with apple this morning. australia fining apriling $2.2 million for misleading customers that its latest ipad was compatible with the next fourth generation broadband network. the tech giant admitted to misleading advertising
this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt susie: good evening, everyone. the u.s. economy hit the brakes during the first three months of the year. and tom, it wasn t surprising, that s when gasoline and food prices started climbing. tom: susie, less government spending was also a drag on the economy. the gross domestic product rose 1.8% in the first quarter, according to the commerce department. now that s a significant slowdown from the previous quarter, when the economy was chugging right along with growth over 3%. susie: the slowdown is a setback for the recovering economy, but as darren gersh reports, it s not to last. reporter: the year started off slowly with the economy dragged down by a sharp drop in construction. winter weather is one reason spending to build new factories and office buildings tumbled 22%. new home construction fell too. and government cutbacks didn t help either. d
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