I’d warn that we’re nonetheless two months clear of cheap Q3 estimates however this quantity is for sure a pushback to the recession worries.
From the Altanta Fed:
The GDPNow style estimate for actual GDP expansion (seasonally adjusted annual price) within the 1/3 quarter of 2024 is two.9 p.c
on August 6, up from 2.5 p.c on August 1. Nearest fresh releases
from the United States Bureau of Exertions Statistics, the United States Census Bureau, the United States
Bureau of Financial Research, and the Institute for Provide Control,
the nowcasts of third-quarter actual private intake expenditures
expansion and third-quarter actual improper personal home expansion higher
from 2.6 p.c and 1.6 p.c, respectively, to three.0 p.c and a pair of.8
p.c.
This text used to be written by way of Adam Button at www.forexlive.com.
