This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook … Read more
Updated Oct. 26, 2023 5:00 pm ET U.S. economic growth surged this summer at the fastest pace since 2021, as consumers spent at a blockbuster rate that will be difficult to sustain. Gross domestic product expanded at a 4.9% seasonally- and inflation-adjusted annual rate in the third quarter—more than double the second quarter pace—the Commerce Department reported … Read more
Listen to article (2 minutes) Friday’s jobs report is likely to show employers hired at a steady pace last month, the latest sign of a resilient U.S. economy that has contributed to the recent bond-market rout, according to analysts’ forecasts. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Source link
Based on the latest economic forecast from the Federal Reserve Bank of Atlanta, the U.S. economy is moving from red-hot to boiling — a worrisome development for the Federal Reserve, and anyone else hoping interest rates won’t rise. But don’t panic yet: The Atlanta Fed’s GDPNow model estimate for real growth in gross domestic product … Read more