U.S. real GDP growth likely marginally faster during the fall quarter
The Bureau of Economic Analysis is expected to report that real GDP expanded at an annualized clip of 2.5% during the final three months of 2014, three ticks faster than their second estimate but half as fast as the head…
The Bureau of Economic Analysis is expected to report that real GDP expanded at an annualized clip of 2.5% during the final three months of 2014, three ticks faster than their second estimate but half as fast as the heady pace set during the summer quarter.
An analysis done by Societe Generale suggests that stepped-up consumer spending attributable to the inclusion of Quarterly Services Survey data will account fully for the anticipated upward adjustment. The final pass at Q4 growth likely will reveal slightly better mixes between final demands and stock-building.
"Real final sales growth - GDP less the change in private inventories - probably will be marked three ticks higher to 2.4%. Flipping the signs on the external accounts, the growth of real final sales to domestic purchases likely will be boosted from 3.2% to 3.3%, after a 4.1% advance in Q3", says Societe Generale.
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…
