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Reading: Key U.S. Economic Data Releases Anticipated This Week
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COINTURK NEWS > Economy > Key U.S. Economic Data Releases Anticipated This Week
Economy

Key U.S. Economic Data Releases Anticipated This Week

In Brief

  • Significant U.S. economic data is expected this week.

  • Jobless claims and GDP estimates remained consistent with prior reports.

  • Durable goods orders indicate strong consumer demand trends.

İlayda Peker
İlayda Peker 3 months ago
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This week marks two crucial days for U.S. economic data, specifically today and tomorrow. Following significant fluctuations in cryptocurrency markets, the importance of the upcoming PCE data has surged. Recently released important U.S. economic figures have heightened market attention.

Contents
Latest U.S. Data UpdatesCore PCE Data Insights

Latest U.S. Data Updates

As of 16:30, key economic data have been revealed. The initial jobless claims in the U.S. were anticipated to rise to 221,000 from the previous 219,000. The second quarter GDP estimate remains consistent at 2.3%. Durable goods orders, one of the day’s critical figures, reflect new orders for durable consumer goods and serve as an indicator of economic growth and consumer demand. The prior report showed a decline of 2.2%, whereas the expectation for today’s announcement was a gain of 2%.

Core PCE Data Insights

For the core PCE, preliminary expectations stood at 2.5%, with minimal fluctuations in ongoing unemployment claims anticipated. The released data includes:

  • Initial Jobless Claims: 242K (Expectation: 221K Previous: 219K)
  • Second GDP Estimate: 2.3% (Expectation and Previous: 2.3%)
  • Durable Goods Orders: 3.1% (Expectation: 2% Previous: -2.2%)

These orders suggest there is no significant decline in consumer demand; in fact, demand appears to be increasing, possibly due to anticipated tariff differences. While the core PCE preliminary data was expected at 2.5%, it came in at 2.7%. The actual data released tomorrow is highly significant, with BTC prices hovering around $86,000.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 27 February, 2025 - 4:35 pm 27 February, 2025 - 4:35 pm
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