remained above 1.8% after climbing Wednesday as traders took Powell's post-meeting comments to mean more aggressive policy tightening may be ahead to fight inflation and protect the labor market. At 8:30 a.m. ET, the government is out with weekly jobless claims, December durable goods orders and its first look at fourth-quarter economic growth. Economists expect a 5.5% annual GDP growth rate, more than double both year-ago numbers and the prior quarter.
Supreme Court Justice Stephen Breyer testifies before a House Judiciary Commercial and Administrative Law Subcommittee hearing on The Administrative Conference of the United States on Capitol Hill in Washington May 20, 2010.and Supreme Court member Stephen Breyer are scheduled to appear together at the White House on Thursday, with the 83-year-old liberal justicehis retirement, a source familiar with the matter confirms to NBC News.
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