US Jobless Claims Decline, December Trade Deficit Unexpectedly Widens

• US jobless claims declined significantly to 206,000 in the week ended Feb. 14, below the estimated 225,000.
• The US December goods trade deficit widened to $98.5 billion, higher than the estimated $86.0 billion, which is expected to negatively impact Q4 GDP.
• The Philadelphia Fed Business Index rose to 16.3 from 12.6, but the new orders index fell to 11.7 from 14.4, and the prices paid index dropped to 38.6 from 46.9.

The video discusses several key US economic data releases, including a significant drop in jobless claims, a wider-than-expected December trade deficit, and mixed Philadelphia Fed business survey results. These data points will influence tomorrow's Q4 GDP report and Fed policy expectations, presenting a complex economic picture.