Economic Activity - Core durable goods orders, excluding defense and air, increased by 17% after a previous decrease of 15% [1] - Advanced goods trade balance came in at $966 billion, exceeding the forecast of $86 billion [2] - Imports remained flat after a previous decrease of 20% [3] Labor Market - Initial jobless claims decreased to 236000 from 246000 [2] - Continuing claims increased from 1937000 to 1974000, suggesting companies may not be actively hiring [6] - Initial jobless claims suggest companies are not actively firing [6] GDP & Consumption - The third reading of GDP came in at negative 05%, worse than the second reading of negative 02% [3] - Personal consumption was reported at 05%, lower than the initial report of 12% [4] Market Sentiment - Companies are holding back, awaiting clarity on tariffs and the Federal Reserve's actions [6]

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]