Daily Archives: Jul 9, 2019 at 07:33 am EST

US Q2 GDP Outlook Stumbles Ahead Of This Month’s Initial Report

With less than three weeks before the government publishes its preliminary estimate of second quarter economic data, revised nowcasts have trimmed expectations for US output. Today’s estimate calls for a substantial slowdown in Q2 growth, based on a set of projections compiled by The Capital Spectator. The downgrade for the GDP nowcast comes at a time of concern that recession risk, for the US and the global economy, is rising.

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Macro Briefing: 9 July 2019

US and China set to relaunch trade talks: Reuters
Wall Street wonders if US will pursue weak-dollar policy: Bloomberg
US lawmakers don’t share Trump’s criticism of Fed chief: WSJ
Hong Kong’s leader says controversial extradition bill is dead: CNBC
Are central banks prepared to fight a global recession? NY Times
Rental demand soars at the expense of home buying: CNBC
US consumer credit expanded in May for second month: MW
10yr/3mo Treasury yield curve remains negative for 7th week: