Initial estimates suggest the economy expanded at a 2.1% annual rate during the second quarter. Analysts had expected a 1.8% increase. The increase was the result of increased consumer spending. Excluding the volatile trade and ...
Initial estimates of second quarter GDP is released at 8:30. Analysts are expecting a 1.8% growth rate as the decline in inventories is expected to subtract about 1.3% from growth. This is the inverse from the first quarter when inventory ...
It has been an incredible six months. Few were able to predict how quickly the narrative changed from global synchronized recovery to global synchronized slowdown. Even fewer predicted how ...
Growth has slowed in the EU and China but increased unexpectedly in the US during the first quarter to a 3.2% rate. Today is the first revision of economy’s first quarter performance and analysts are expecting a ...
First quarter GDP is released at 8:30. Consensus is expecting a first quarter growth rate of 2.3% albeit the range of estimates is wide with some suggesting a 1.5% growth rate while others a 3.1% pace. In early March consensus was predicating ...
Treasury prices have been surging. Yields are now around 90 basis points (0.90%) lower than they were about three months ago. In other words, yields have dropped over 33% with the large minority of this decline occurring since the March Fed meeting, the meeting...
It is widely accepted a major catalyst for the December rout was monetary policy and the Fed’s well telegraphed intentions of shrinking its balance sheet. ...
Many times I have opined about the complete breakdown of risk parity and cross correlated models, a strategy that has surged in popularity over the last 10 years, a strategy that many including the regulatory entities believed limited risks. Yesterday Stanford Bernstein stated this breakdown...
Third quarter GDP was revised to 3.2% rate from the previously reported 2.9% pace, the fastest growth in two years. Business investment remained weak but labor market progress and steady household purchases kept growth on tract ahead to the holiday shopping season....
Once again monthly US job gains fell outside the range of estimates. Strong back to back surges in nonfarm payrolls in June and July helped alleviate concerns that the labor market is faltering in response to slow growth. The May swoon which rattled all is...