Daily Archives: Aug 14, 2018 at 07:38 am EDT

Early Estimates See Slower-But-Still-Strong Growth For US Q3 GDP

The first official third-quarter report on US GDP is more than two months away, but the preliminary nowcasts point to a softer-but-still-solid gain, based on several estimates compiled by The Capital Spectator. The question is whether escalating trade-war tension and Turkey’s financial crisis that’s roiling emerging markets will take a bite out of the rosy projections for the US?
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Macro Briefing: 14 August 2018

Fed expected to keep raise rates despite economic turmoil in Turkey: Bloomberg
European banks remain under pressure amid Turkey’s currency crisis: Reuters
Strategists outline four paths to resolve Turkey’s financial crisis: MarketWatch
Slower credit growth in China raises economic concern: Bloomberg
US passed a new law that strengthens govt’s hand in foreign business deals: BBC
W. Virginia lawmakers vote to impeach 4 justices on state’s highest court: The Hill
Congressional Budget Office trims forecast for US economic growth: CBO
Vanguard FTSE Emg Markets ETF (VWO) near 1yr low as Turkey’s crisis deepens: