Incoming economic reports continue to show that US growth is holding steady at a moderate pace in the fourth quarter. A lot can change between today and Jan. 30, when the government’s initial Q4 GDP report will be published. But the data available today suggests that output will expand at or near Q3’s 2.1% increase.
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US holiday spending rises, thanks to e-commerce at record high: Reuters
China sails new aircraft carrier through Taiwan Strait: Reuters
GOP senator ‘disturbed’ by McConnell’s ‘coordination’ with White House: Politico
Births in Japan fall to lowest level since 1874: NY Times
Long-run secular inflation trend looks set to decline: Vanguard
Richmond Fed Mfg Index: sector activity fell for 2nd month in Nov: RF
Gold is trading above $1500, a seven-week high: Bloomberg