Yesterday’s blowout rise for US economic growth in the third quarter delivered an upside surprise, especially for analysts who remain all in with forecasting recession. But perhaps the warnings will finally find traction via the current run of softer Q4 nowcasts.
Daily Archives: October 27, 2023
Macro Briefing: 27 October 2023
* US strikes targets in Syria in possible sign of widening Middle East conflict
* US government shutdown deadline on Nov. 17 is key test for new House speaker
* European Central Bank leaves rates unchanged after 10 straight hikes
* Pending home sales in US rose last month despite higher mortgage rates
* US jobless claims tick higher but remain ultra low
* Durable goods orders in US rise sharply in September
* US economic growth accelerates in Q3 to fastest pace since Q4:2021:
