US Inflation Eases to 2.8%, Jobless Claims Stable at 200,000 Amid Robust Growth
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Firstpost•23-01-2026, 06:46
US Inflation Eases to 2.8%, Jobless Claims Stable at 200,000 Amid Robust Growth
- •US Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, eased to 2.8%, with core PCE at 2.9%.
- •Initial jobless claims rose slightly to 200,000 for the week ended January 17, below economists' expectations of 210,000, indicating a stable labor market.
- •Continuing jobless claims dropped by 26,000 to 1.849 million for the week ending January 10.
- •Real Gross Domestic Product (GDP) expanded at an annualized rate of 4.4% in Q3 2025, surpassing earlier estimates and Q2 growth.
- •Economic growth was driven by increases in consumer spending, exports, government spending, and investment, with the services sector showing strong gains.
Why It Matters: US economy shows easing inflation, stable job market, and robust growth, balancing policy challenges.
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