(menafn – ecpulse)
Later on today the Bureau of Economic Analysis from the U.S. Commerce Department will release the third and final annualized reading of its growth regarding the fourth quarter to most probably show an unchanged pace for that period, indicating a stable and better health for the superpower within this past period reflecting therefore the constant moderate revival taking place so far while that the country's personal consumption could have stayed unchanged as well for the same period.
In fact the U.S. Commerce Department is forecasted to show on one hand that the third fourth quarter annualized reading of the GDP will come out most probably unchanged at 3.0 percent along with an unchanged GDP price index as well of 0.9 percent since that up till now overall conditions of the superpower witnessed stable enhancement and further improvement is witnessed throughout the labor market while that business conditions mainly continue on supporting growth.
Not forgetting yesterday where the country's durable goods came in lower than the projections set by the market yet they rose cheerfully in February from a prior decline of these orders as a result of a better and higher demand for cars, computers, capital equipment, reflecting therefore steady cheerful business conditions that continue on supporting growth regardless of the recent higher fuel costs and economical slowdowns witnessed in Europe and China.
Accordingly no wonder that the fourth quarter third reading of the country's personal consumption or in other words consumption on goods and services, but also includes interest payments made on non-mortgage debt and transfer payments to government or social services, could show an unchanged cheerful rate of 2.1 percent since that the past demand gained momentum and also strengthened on the recent improved labor conditions.
However regardless of the infinite signs of enhancement so far witnessed within the labor market the initial jobless claims for March 24 or the number of people filing for unemployment benefits in the previous week could have actually rose gloomily but faintly to 350 thousand while that the continuing claims for March 17 may have plummeted slightly to 3350 thousand.
Furthermore today it will be shown once again that the prices pressures of the world's leading economy remain well subdued and under control as already forecasted and attested by the FOMC members and Federal Reserve despite of the recent temporary rise in prices caused by the surge of fuel prices since that the Fed's favorite inflation indicator; the Core PCE, could have stayed unchanged around 1.3 percent for the fourth quarter.