The US economy remains on track to expand at a moderate pace in the final three months of 2019. The outlook is based on a median nowcast for the initial estimate of the fourth-quarter GDP report that’s scheduled for release by the Bureau of Economic Analysis on Jan. 30. If correct, output will rise at or near Q3’s pace, which suggests that recession risk remained low through the end of last year.
Daily Archives: January 8, 2020
Macro Briefing | 8 January 2020
Iran retaliates, firing missiles at US bases in Iraq: CNBC
Taiwan’s pro-independence president looks set for re-election: NY Times
Eurozone economic sentiment edged up for second month in Dec: Reuters
Germany’s manufacturing ‘misery’ continued in Nov as new orders fell: Reuters
US services sector continued to expand moderately in December: ISM
US trade deficit narrowed to 3-year low in November: MW
Atlanta Fed’s Q4 GDP growth nowcast for US holds at moderate +2.3%: AF
US factory orders continued to decline via 1-year trend in Nov:
