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January 22, 2026
The U.S. economy grew in the third quarter of 2025, according to a report released by the Commerce Department on Thursday. The report stated that real GDP increased by 4.4% in the third quarter compared to the previously reported 4.3% surge.
The Commerce Department said the slightly stronger growth primarily reflected upward revisions to exports and investment that were partly offset by a downward revision to consumer spending. The jump in GDP in the third quarter reflected increases in consumer spending, exports, government spending, and investment, as well as a decrease in imports, which is a subtraction in the calculation of GDP.
The report also said the faster GDP growth in the third quarter compared to the 3.8% surge in the second quarter reflected upturns in investment, exports, and government spending, as well as an acceleration in consumer spending.
On the inflation front, the Commerce Department said the PCE price index increased 2.8% in the third quarter, and the PCE price index excluding food and energy increased 2.9%. 01/22/2026 - 09:52:00 (RTTNews)
The Labor Department released a report on Thursday showing a slight uptick in first-time claims for U.S. unemployment benefits in the week ending January 17. The report said initial jobless claims crept up to 200,000, an increase of 1,000 from the previous week's level of 199,000.
Meanwhile, the Labor Department said the less volatile four-week moving average slipped to 201,500, a decrease of 3,750 from the previous week's revised average of 205,250. With the dip, the four-week moving average dropped to its lowest level since hitting 200,000 in the week ended January 13, 2024.
Continuing claims, a reading on the number of people receiving ongoing unemployment assistance, also slid by 26,000 to 1.849 million in the week ending January 10. The four-week moving average of continuing claims also fell to 1,870,750, a decrease of 16,250 from the previous week's average of 1,887,000. 01/22/2026 - 09:47:00 (RTTNews)
British Pounds traded at 1.3496 against USD at 9:00 AM PST
The U.K. budget deficit narrowed in December, driven by the increase in tax receipts. Public sector net borrowing decreased by GBP 7.1 billion from the previous year to GBP 11.6 billion in December.
While borrowing was the lowest for December in two years, it still represented the tenth highest December borrowing since records began in 1993. Current receipts increased 8.9% to GBP 94.0 billion, while current expenditure rose only 3.5% to GBP 92.9 billion. Tax receipts increased by GBP 4.6 billion to GBP 70 billion on higher income tax receipts.
Debt interest payable rose by GBP 0.2 billion to GBP 9.1 billion as payments increased due to higher inflation. In the financial year to December, the government borrowed GBP 140.4 billion, which was about GBP 300 million lower than in the same period of last year. 01/22/2026 - 04:44:00 (RTTNews)
The unemployment rate in Taiwan held steady in December after increasing slightly in the previous month. The seasonally adjusted unemployment rate came in at 3.35% in December, the same as in November. In the corresponding month last year, the rate was 3.38%. There were 403,000 unemployed people in December compared to 406,000 a year ago.
On an unadjusted basis, the jobless rate dropped to 3.30% in December from 3.33% in the previous month. Total employment increased by 6,000 from the previous month to 11.64 million. From the previous year, employment grew by 33,000 in December. 01/22/2026 - 08:09:00 (RTTNews)
Hong Kong's consumer price inflation increased in December to the highest level in six months. The CPI rose 1.4% year-over-year in December, outpacing the 1.2% increase in November. Moreover, a similar inflation rate was last seen in June. The acceleration in inflation was mainly due to the increases in the charges for package tours as well as inbound and outbound transport fares.
Inflation based on transportation quickened to 4.3% from 3.5%. Housing costs grew at a steady pace of 1.6%, while food inflation eased slightly from 1.1% to 1.0%. Netting out the effects of all the government's one-off relief measures, underlying inflation also increased to 1.2% from 1.0% in November.
The average monthly rate of increase for the 3 months ending in December was 0.2%. During the year 2025, consumer prices were 1.4% higher compared to the previous year. 01/22/2026 - 06:00:00 (RTTNews)
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