Consumer companies rose after the Federal Reserve cited the resilience of the U.S. economy in general and the labor market in particular.
New jobless claims fell by 5,000 to 245,000 in the seven days ending June 14, based on seasonally adjusted data, the government said.
The central bank also sounded slightly more sanguine about the implications of tariffs for economic growth and inflation. "Uncertainty about the economic outlook has diminished but remains elevated," the Fed said, downgrading March references to rising uncertainty. At a press conference, Chairman Powell said tariff uncertainty had peaked around the time of "Liberation Day" in April.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-18-25 1751ET
