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.
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.
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.
A smaller trade deficit and a surge in defense spending buoyed U.S. economic growth in the third quarter, but other details of Thursday's report hinted at some loss of momentum in activity.
Economic confidence in the euro zone unexpectedly rose in October, reviving hopes that the 18-nation bloc may be back on the path to durable growth following a string of disappointing data.