Recent economic data has lifted CapitalSpectator.com’s median growth estimate for the upcoming third-quarter GDP report. Using a variety of sources to generate a median nowcast, today’s revision reflects a slightly stronger expansion compared with the solid rise in Q2.
Daily Archives: October 18, 2024
Macro Briefing: 18 October 2024
US retail sales rose for a third straight month in September, beating expectations. Spending increased 0.4% last month, marking a faster rate vs. the tepid 0.1% rise in August. “Strong retail spending last month suggests the recovery maintained strength through the end of the third quarter,” says FHN Financial Economic Analyst Mark Streiber.