The official government third-quarter GDP report remains a mystery as the Bureau of Economic Analysis (BEA) struggles to recover its data collection and analysis efforts following the government shutdown. The best guess at this point is that output rose at a solid pace in Q3, based on several sources. Q4, by contrast, looks set for a substantially softer increase, according to various private estimates.
Daily Archives: December 10, 2025
Macro Briefing: 10 December 2025
US job openings rose slightly in October, enough to to mark a 5-month high, the Labor Dept. reports. “The job market isn’t collapsing but it is certainly losing steam,” said Oren Klachkin, financial markets economist at Nationwide. “We anticipate Fed officials will try to get ahead of labor market weakness with another 25 basis points rate cut tomorrow even as inflation remains above the 2% goal.”
