Today's Economic Data

Today's Data

Q2 GDP third and final estimate: 1.7% vs. 1.6% prior.

Initial claims at 453K vs. exp'd 450K and 469K prior

Continuing claims at 4457k vs. 4450k exp'd and 4540K prior. This prior number being revised from the 4489K reported last week. Everyone was very 'bulled-up' by the continuing claims number last week. It should be no surprise that this number was revised higher. Because the focus of the average market watcher has been limited to the proceeding 11 minutes, the BLS can continue to provide rosy figures only to be revised higher at a later date.

Chicago PMI came in at 60.4 vs. 55 expected and 56.7 prior.