Gross domestic product rose on the back of the strongest consumer spending in nearly two years.
Some of these indicators are more telling than traditional economic data points.
Inflation again appears to be cooling just as the warning bells sound in the financial sector.
The figures underscore the strength of the labor market in the face of Fed rate hikes.
There are some one-off factors that may have impacted recent economic data.
The data suggest central bankers will have to raise rates higher than they expected even just a few weeks ago.
The overall consumer price index climbed 0.5% in January, the most in three months.
Consumers expect inflation to rise 2.9% over the next five to 10 years.
While economy-wide layoffs remain generally low, more and more companies have announced job cuts in recent months.
Initial unemployment claims decreased by 15,000 to 190,000 in the week ended Jan. 14,
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