For four days, the most powerful people of the second world power have met in a hotel west of Beijing to decide the future of the country. Although the hermetic inner doors of Chinese politics were closed again. It is not known whether there have been internal disagreements in the debates. And only a few […]
Tag: United States
The New York Fed’s Nowcast model points to a GDP of 3.2% in the fourth quarter after this week’s data
The US economy is expected to expand 3.2% in the fourth quarter, as the latest Nowcasting Report from the Federal Reserve Bank of New York showed on Friday. Key comments from the press release: “The Commerce Department’s advanced estimate of real GDP growth for the third quarter of 2020, released on October 29, was 33.1%. […]
The Atlanta Fed’s GDPNow model points to 2.2% growth in the fourth quarter
Gross domestic product real GDP in the United States is expected to grow by 2.2% in the fourth quarter of 2020, the latest GDPNow report from the Federal Reserve Bank of Atlanta showed on Friday. “The initial estimate of real GDP growth for the third quarter published by the US Bureau of Economic Analysis on […]
Consumer Confidence Index rises more than expected in October to 81.8
The Consumer Sentiment Index from University of Michigan in October it registered a rise to 81.8, which implied a better with respect to the preliminary estimate that was 81.2. The index of actual conditions fell from 87.8 to 85.9, while that of expectations improved from 75.6 to 79.2. The data did not have an impact […]
Personal income and spending rise more than expected in September
The personal income and expense report rose more than expected in September, but it did not have an impact on the dollar in the market, nor the bags. The personal expense rose 1.4% above the 1% market consensus. For his part, personal income rebounded 0.9% after August’s 2.5% drop, beating the average analyst estimate of […]
US: Fourth-quarter growth expected to slow sharply
The first reading of GDP growth during the third quarter showed a record expansion after a record contraction in the second quarter. Despite the strong number, the level of real GDP still remains 3.5% below its peak in the fourth quarter of 2019, they argue Wells Fargo analysts. Key statements: “Most spending components posted record […]
Pelosi won’t compromise on key issues in stimulus plan talks
The Trump administration believes that the Speaker of the House of Representatives, Nancy Pelosi, will not engage on key issues in talks about the relief plan to fight the coronavirus, the White House Economic Adviser told CNBC on Thursday, Larry Kudlow, as reported by Reuters. Featured statements: “The United States should regain all the economic […]
Initial claims for unemployment benefits fall more than expected to 751,000, the lowest level since March
The Unemployment benefit requests report showed a drop in both initial and continued requests to the lowest levels since the end of March, when the impacts of the crisis generated by the coronavirus began to be felt. The Department of Labor reported that orders initials unemployment benefit they were down 40,000 in the week ending […]
Economy rebounds strongly in the third quarter at a rate of 33.1%, higher than the 31% expected
The first reading of US GDP growth for the third quarter. showed a strong rebound in the economy, at an annualized rate of 33.1%, beating the market consensus which was by 31%. The rebound shows record growth after the contraction record of the second quarter of 31.4%. The GDP price index it was 3.7% in […]
Consumer Confidence Index Falls to 100.9 in October
The Conference Board Consumer Confidence Index fell modestly in October. The US Dollar Index remains in negative territory below 93.00. Consumer confidence in the US weakened sharply in October as measured by the Conference Board Consumer Confidence Index, which fell from 101.3 (revised from 101.8) to 100.9 in September. This reading was worse than the […]
