U.S. government debt prices were slightly higher on Thursday ahead of fresh weekly jobless claims figures, after the Federal Reserve pledged to keep interest rates close to zero until the U.S. economy is firing on all cylinders.
for the week ending April 25 are due for release at 8:30 a.m. ET, with a consensus 3.5 million new filings expected, according to Dow Jones.
Following this week's Federal Open Market Committee meeting, the Fed on Wednesday decided to maintain its current interest rate target range of between 0% and 0.25%. Concern for the state of the economy deepened Wednesday as first-quarter GDP from the Commerce Department showed theWith lockdowns ravaging economic activity and millions of Americans filing for unemployment each week, economists are bracing for a record slump in output for the second quarter.Gilead Sciences into the use of antiviral drug remdesivir
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