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Initial Claims and Q4 Revised GDP...........>

US DATA
US DATA: Initial Claims and Q4 Revised GDP
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- Q4 GDP rev down to +2.2% vs +2.3% expectation from BBG, MNI 
- Initial claims -5k to 211k in Mar 23 wk vs 220k BBG & 223k MNI. 
- Q4 GDP price index +1.7% vs unrev +1.8% expected by BBG, MNI.
- Q4 Core PCE prices rev up to +1.8% vs +1.7% prev; +1.9% y/y
- Q4 GDP revision driven by PCE, govt spending, res fixed investment, and 
nonres fixed investment, offset by narrower net exports gap.
- Q1 GDP tracking to be weaker, around 1.5% by some estimates
- Claims 4-wk avg -3,250 to 217,250; could fall next wk. Annual 
revisions were included in the data. 
- Continuing claims +13k to 1.756m in Mar 16 wk, -17k from Feb 16 wk.

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