I’m Chris Anstey, a senior economy editor in Boston, and today we’re looking at expectations for US GDP. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. One and … 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
US GDP Accelerated With Help of Big Spending Consumers Bloomberg Source link
Economic growth in China exceeded forecast, helped by stronger retail sales at the end of the third quarter and bolstered by government stimulus efforts. Household demand was also robust in the US and likely contributed to the strongest pace of economic growth in nearly two years. Meanwhile, persistent industrial woes are projected to leave the … Read more
To get John Authers’ newsletter delivered directly to your inbox, sign up here. “There is no alternative” — or TINA — has been the battle cry of investment analysts and advisers for the best part of a decade. As interest rates stayed close to zero, money managers typically saw stocks as the only viable investment … Read more
A robust earnings season could be all it takes to fuel a year-end rally on Wall Street, eclipsing recent jitters from geopolitical tensions. Having endured a turbulent summer amid worries about higher-for-longer interest rates, the S&P 500 Index has been drifting lower since hitting a July peak, bringing valuations closer to long-term averages. With analysts … Read more
Updated Oct. 15, 2023 12:04 am ET Economists are turning optimistic on the U.S. economy. They now think it will skirt a recession, the Federal Reserve is done raising interest rates and inflation will continue to ease. In the latest quarterly survey by The Wall Street Journal, business and academic economists lowered the probability of … Read more
As Zambia and Ghana Make Progress on Debt, IMF Warns of More … Bloomberg Source link
World Economy Latest: IMF Says Inflation Alarm Isn’t Over Bloomberg Source link
