It has been a giant morning for U.S. financial knowledge, that includes the annualized GDP report for the third quarter (Q3) of 2019. The quantity
It has been a giant morning for U.S. financial knowledge, that includes the annualized GDP report for the third quarter (Q3) of 2019. The quantity got here in effectively above expectations, suggesting that latest FED price cuts have stimulated financial exercise. Nevertheless, the motion on Wall Avenue has been modest in anticipation of the Thanksgiving vacation.
U.S. GDP (Q3) Shines, Outperforms Projections
Right now has been an energetic pre-holiday session on the U.S. financial calendar. Under is a have a look at just a few of the highlights:
Occasion Precise Projected Earlier
GDP Annualized (Q3) 2.1% 1.9% 1.9%
GDP Value Index (Q3) 1.7% 1.7% 1.6%
Non-Defense Capital Goods Orders (Oct.) 1.2% -0.3% -0.5%
Though consumption and Q3 GDP are on the uptick, the GDP Value Index is garnering some added consideration. A key barometer of inflationary stress, the Value Index for Q3 is on the rise. It will come as a aid to Jerome Powell and the remainder of the FED. Lagging inflation has been a priority via most of this yr ―…