US Prelim GDP q/q

The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth. The outlook for 2025 is cloudier as President Donald Trump pursues trade wars, cutbacks in the federal workforce and mass deportations. The Commerce Department reported Thursday that growth in gross domestic product — the nation's output of goods and services — decelerated from a 3.1% pace in July-September 2024. ...

Gold prices fell from their daily high as sellers took control, raising the risk of further decline. The main reason for the drop is rising personal incomes. Data on Wednesday showed U.S. personal income in October increased by 0.6% month-on-month, higher than the expected 0.3%. If consumers earn more, they may handle higher inflation better, making the Federal Reserve less likely to cut interest rates aggressively. The revised U.S. GDP growth for Q3 stayed at 2.8%, slightly slower than Q2's 3%. However, the report shows the economy ...

After a year of unprecedented scrutiny, the Fed Reserve’s monetary policy committee will again be the focus of market attention on Dec. 18, as it makes its final rate decision for 2024. The question on the minds of investors around the globe is, will the Fed continue the rate-cut path it commenced in September? These three data points will be key to the Fed’s decision.

U.S. PCE inflation heated up a touch in October, in-line with our forecasts and the consensus. PCE inflation increased 0.238% in October up from 0.180% in September with the year-on-year inflation rate increasing to 2.3% from 2.1% in the prior month. Core PCE inflation, the Federal Reserve’s preferred measure of consumer inflation, increased 0.273% at the three-digit level up from 0.261% in September with the year-on-year inflation rate inching up to 2.8% from 2.7% in September and 2.6% in June (the low for the year). No surprises on ...

Revised up 0.2 ppts, 0.2 ppts above consensus. Final sales up 0.2 ppts. GDO rises 2.1% q/q SAAR. chart Figure 1: GDP (bold black), GDO (tan), and GDP+ (green), GDPNow of 8/26 (sky blue square), all in bn.Ch.2017$ SAAR. GDP, GDO based on 2nd release. GDP+ iterated on 2019Q4 GDP level. Source: BEA, Philadelphia Fed (July release), Atlanta Fed, author’s calculations. chart Figure 2: Quarter-on-Quarter growth of GDP (bold black), GDPNow of 8/26 (sky blue square), final sales (red), all SAAR. GDP based on second release. Source: BEA, ...

Gold prices rose late in the North American session even though the US economy remains resilient after Gross Domestic Product (GDP) figures propelled the Greenback higher. Despite this, Gold prices continue to grind higher amid expectations of the Fed's first rate cut. The XAU/USD posted gains of 0.78% and exchanged hands at $2,523. Market sentiment is positive, as traders remain laser-focused on data that could confirm the size of the Federal Reserve’s (Fed) first rate cut. In the meantime, the US Bureau of Economic Analysis ...