Economic data appeared to back up the Fed's gloomy economic projections, with jobless claims still more than double their peak during the Great Recession and continuing claims at an astoundingly high 20.9 million. A year-on-year drop in core producer prices also reflected the central bank's disinflationary concerns. Interest rate-sensitive banks .SPXBK dropped after the Fed indicated key interest rates would remain near zero through at least 2022.