Today’s trade report suggests US final GDP figure may be negative
That meager 0.2 percent preliminary increase in reported Q1 U.S. GDP could actually be in jeopardy. After today's trade report the final GDP figure may be negative. The U.S. trade deficit soared 43 percent in March to $5…
That meager 0.2 percent preliminary increase in reported Q1 U.S. GDP could actually be in jeopardy. After today's trade report the final GDP figure may be negative.
The U.S. trade deficit soared 43 percent in March to $51.4 billion, the highest level since 1996. Imports surged 7.7 percent as the West Coast port standoff ended, unleashing a huge influx of goods, while exports were up a modest 0.9 percent reflecting the headwind of a stronger dollar.
"GDP is calculated as Consumption + Investment + Government Spending + (Exports-Imports). By the time the final report is released we will already be a significant way through the second quarter which is already showing signs of rebounding. Therefore the market impact will be minimal." says Voya Investment
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…
