Next week’s scheduled release of gross domestic product (GDP) for last year’s fourth quarter will likely be delayed due to the partial government shutdown, but the latest estimates for the indicator still point to a moderate gain. The median estimate for a set of nowcasts compiled by The Capital Spectator reflects a 2.9% increase for Q4 GDP, which is fractionally higher vs. the previous estimate (published on Jan. 15.)
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Senate rejects a pair of plans to reopen government: The Hill
Senate explores new options for reopening gov’t after failed efforts: Bloomberg
Venezuela’s military backs Maduro; Russia warns US not to intervene: NY Times
Profiling the risk if US blocks oil imports from Venezuela: AP
US Economic Leading Index fell in Dec, hinting at slower growth in 2019: CB
Some datasets in Leading Index estimated due to gov’t shutdown: MNI
Bloomberg’s consumer sentiment index fell to near-7 month low: Bloomberg
Jobless claims in US fell to 49-year low last week: Reuters
KC Fed Mfg Index continues to reflect modest growth in January: KC Fed
US growth ticked up in January according to PMI survey data: IHS Markit