U.S. economic growth likely to have decelerated slightly in Q3
The U.S. advance real GDP growth data for the third quarter is scheduled to release tomorrow. According to a TD Economics research report, the U.S. economy is likely to have grown at a soft annualized pace of 1.4 percent…
The U.S. advance real GDP growth data for the third quarter is scheduled to release tomorrow. According to a TD Economics research report, the U.S. economy is likely to have grown at a soft annualized pace of 1.4 percent, a deceleration from the 2 percent recorded in the prior quarter.
Most major components of growth are on track to slow from the second to third quarter, with the marked exception of residential investment. An upturn in the housing market is likely to see residential investment rebound 5.6 percent after six consecutive quarters of falls.
“Consumer spending should be a key support to growth (+2.7 percent), while business investment is expected to contract (-3.8 percent) for the second consecutive quarter”, added TD Economics.
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…
