Daily Archives: Oct 29, 2019 at 06:55 am EDT

US Q3 GDP Growth Expected To Tick Lower In October 30 Update

Tomorrow’s preliminary estimate for third-quarter economic activity in the US is on track to edge lower,  based on the median estimate for a set of nowcasts. The government’s first round of Q3 data (due on Oct. 30) will likely show a modest pace of growth. The report also looks set to show that the economic trend decelerated, if only slightly, for a second straight quarter.

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Macro Briefing | 29 October 2019

White House official to testify on Trump re: nat’l security and Ukraine: Politico
House set to vote this week to formalize Trump impeachment: Fox
US stock market (S&P 500) closed at record high on Monday: CNBC
China’s slowdown appears to continue in early read on Oct data: Bloomberg
Oil market expected to face excess supply in 2020, IEA forecasts: CNBC
Is the economy’s influence fading as a factor in elections? NY Times
US imports and exports fell in September as trade deficit narrowed: Bloomberg
Texas mfg growth decelerated in October: Dallas Fed
US growth, already at below-trend pace, eased further in Sep: Chicago Fed