Will last week’s news of substantially stronger-than-expected growth for US economic output in 2023’s fourth quarter extend into this year’s Q1? It’s too soon to make high-confidence estimates, but CapitalSpectator.com’s initial median nowcast (based on several independent estimates) for this year’s first quarter suggests the expansion will continue to slow relative to the previous high point in last year’s red-hot Q3.
Daily Archives: January 31, 2024
Macro Briefing: 31 January 2024
* Federal Reserve expected to leave rates unchanged today
* IMF upgrades global economic outlook, citing US strength, China stimulus
* China’s factory activity contracts for fourth straight month in January
* China auto exports closing in on Japan, which is still leading car exporter
* Home prices in US reach new high in November
* US job openings unexpectedly increase in December
* US Consumer Confidence Index rises to two-year high in January:
