Treasury Yields Rise Ahead of GDP, Jobless Claims Data – NBC10 Philadelphia
The latest numbers reflect an economy that has made major strides since the 2020 lockdown that sent more than 22 million American workers to the unemployment line and saw GDP plunge an unprecedented 31.4% in Q2 of 2020. The Labor Department, meanwhile, reported that initial jobless claims last week totaled 553,000, just above the 528,000 estimate issued by Dow Jones. Investors continued to digest the Federal Reserve's latest policy decision to hold its benchmark interest rates near zero, following a two-day meeting that concluded on Wednesday afternoon. Fed Chairman Jerome Powell said in a pr...