Super Week Ahead: BOE, BOJ, FED and NFP
In reaction to today’s US GDP release, the US dollar eased back slightly after it had staged a bounce the day before. As my colleague Matt Weller reported earlier, the first estimate of second quarter growth for the world’s largest...
US GDP: Growth Favors Drift up in Market and Fed Funds Rates
GDP grew 4.1 percent, with gains in consumer spending, business investment and government spending—the classic C+I+G of demand. Year-over-year PCE grew 2.2 percent—enough to sustain higher interest rates. Real Final Sales: Benchmark to Domestic Strength Despite the headline GDP number,...
4 takeaways from a long-term GDP revision
The federal government acknowledged on Friday that your last few cellphones were more valuable than it thought. That disclosure came tucked in a package of revisions the government made to the economic growth statistics it published from 2012 to 2017....
New Goldman CEO’s advice to help remake a Wall Street titan: Be vulnerable
Source: djdsolmusic | Instagram Goldman Sachs’ next chief executive officer and chairman, David Solomon, often talks about his personal interests, including an unusual side gig as a dance club disc jockey. Now, he wants his leaders to open up. Solomon,...
Strong Domestic and Foreign Demand Drove GDP Growth to 4.1% in the Second Quarter
The U.S. economy grew at a 4.1% annualized pace in the second quarter, largely in line with consensus expectation (4.2%) and our June forecast of 4.3% growth. A strong expansion in consumer spending, business investment and exports helped drive growth...
Your first trade for Thursday, July 26
The “Fast Money” traders shared their first moves for the market open. Dan Nathan was watching Twitter David Seaburg was a buyer of Alphabet Karen Finerman was a buyer of the ProShares UltraShort 20+ Year Treasury Guy Adami was a...
Consumer sentiment slips in July, hampered by concerns over trade dispute
U.S. consumer sentiment slipped last month, pressured by rising fears over the repercussions of escalating tariffs. Sentiment among consumers fell to 97.9 in July from 98.2 in June, according to the University of Michigan’s monthly survey of consumers. The decline...
Dollar Firm But Lacks Upside Momentum after Solid Yet Unspectacular GDP
Dollar stays firm in early US session after US delivered a solid yet unspectacular GDP report. While the greenback attempts strengthen today, so far, it’s held in range against all other major currencies. There is no committed buying in Dollar...
Second-quarter GDP jumps 4.1% for best pace in nearly four years
Gross domestic product grew at a solid 4.1 percent pace in the second quarter, its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber. The number matched expectations from economists surveyed...
Venezuelan inflation predicted to hit 1 million percent this year
Venezuela is arguably going through one of the largest economic disasters in world history, with prices soaring uncontrollably each day. The International Monetary Fund (IMF) said this week that the Latin American nation is “stuck in a profound economic and...
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