Jobless claims fall, GDP revised lower, durables orders soar

Economic Indicators - Preliminary durable goods orders surged by 164% [2] - Trade balance deficit reached minus 966 billion [1] - Capital good orders non-defense xir increased by 17% [3] - Shipments rose by 05% [4] - Initial jobless claims decreased to 236000, the lowest since mid-year [7] - Continuing claims remained over 1974 million for five consecutive weeks [7][8] GDP and Consumption - First quarter GDP revised to minus 05%, the weakest since Q1 2022 [4][5] - Consumption dropped to 05% from 12% [6] Inflation - Price index increased to 38%, one-tenth higher than 37% [6] - PCE core moved to 35%, one-tenth higher than 34% [6]