The United States' real GDP rose at a 1.5% annual rate in Q3 after a strong 3.9% pace in Q2 and a weak 0.6% in Q1. The year-over-year growth rate of real GDP fell to 2.0% in Q3 from 2.7% in Q2.Inventories subtracted a si…
The United States' real GDP rose at a 1.5% annual rate in Q3 after a strong 3.9% pace in Q2 and a weak 0.6% in Q1. The year-over-year growth rate of real GDP fell to 2.0% in Q3 from 2.7% in Q2.
Inventories subtracted a significant 1.4% point from Q3 GDP growth following a neutral contribution in Q2. With such rapid inventory correction in Q3, it is unclear that the inventory drag will continue into Q4, says Nordea Bank.
Net exports' contribution to Q3 GDP growth was neutral after a 0.2% point addition to growth in Q2. In Q3 exports (+1.9%) slightly outpaced imports (+1.8%). Export weakness is likely to persist due to the stronger USD and weak foreign demand, states Nordea Bank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
