The economy in the U.S. expanded more than forecast in the third quarter, capping its strongest six months in more than a decade, as gains in government spending and a shrinking trade deficit made up for a slowdown in household purchases.
The U.S. dollar is showing its resilience on Thursday, holding on to a three-week high against a basket of currencies after the Federal Reserve caught the market off-guard with a definite hawkish tone in its policy statement yesterday.
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose for a second straight week last week, but remained at levels consistent with a firming labor market.
BERLIN (AP) - Germany's unemployment rate fell to 6.3 percent in October as the labor market in Europe's biggest economy continued to gain steam.
Federal Reserve officials dismissed recent turmoil in global financial markets, and focused instead on �solid� employment gains that will keep them on a path toward an interest-rate increase next year.