Tomorrow’s revised GDP data for the third quarter is expected to hold at a 1.9% increase, according to the consensus point forecast via Econoday.com. That’s a moderate gain but it’s may be a bridge too far based on estimates for Q4 via a set of nowcasts compiled by The Capital Spectator.

Continue reading →

Yet another hint of progress in US-China trade-deal talks: Bloomberg
Fed Chairman Powell: strong labor market still has room to run: NY Times
2% inflation remains Fed’s target, says Powell: CNBC
Americans expect to raise their Christmas spending at a strong pace: Gallup
Financial advisers worry they’ll get squeezed in Schwab-TD Ameritrade deal: WSJ
Dallas Fed Mfg Index reflect modest contraction in November: DFed
US economic activity continued to slow in October: Chicago Fed