-
US GDP report could show solid fourth-quarter growth but still signal a recession is coming, economists say
Economic growth is expected to have slowed slightly in the fourth quarter but was still solid, driven by a strong consumer. Economists will be studying Thursday’s report on U.S. gross domestic product carefully for signs of how strong or weak the consumer actually was at the end of 2022. Retail sales suggest spending fell off sharply as the year came to an end. GDP is reported at 8:30 a.m. ET. According to Dow Jones, economists expect that U.S. gross domestic product grew by 2.8% in the fourth quarter, down from the 3.2% pace in the third quarter. While economists see a strong fourth quarter, they are divided on ... (full story)
- Comments
- Subscribe
-
- Older Stories
-
From youtube.com/cmegroup|Jan 25, 2023USD weakness lifts gold above $1,940. Todd Colvin discusses.
-
From fxstreet.com|Jan 25, 2023|2 commentsGold price (XAU/USD) is aiming to test the $1,950.00 resistance for the first time in the past nine months as the US Dollar Index has faced immense pressure. The precious metal ...
-
From youtube.com/bloombergquicktakenow|Jan 25, 2023Following a record series of interest rate hikes that lifted its key interest by 425 basis points within 10 months, the Bank of Canada became the first major central bank to ...
-
- Newer Stories
-
From kitco.com|Jan 25, 2023Gold priced in Japanese yen traded at record-high levels in Japan Wednesday, according to local prices and media reports. The precious metal reached a new record high of 8,977 yen ...
-
From mining.com|Jan 25, 2023European Commissioner Thierry Breton urged European financiers this week to provide more funding to suppliers of minerals needed for the energy transition, as the European Union ...
-
From fxstreet.com|Jan 25, 2023Silver price (XAG/USD) has witnessed a minor correction in its journey toward the round-level resistance of 24.00 in the Asian session. The white metal has broadly displayed a ...
- Story Stats
- Posted: Jan 25, 2023 7:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,871
- Linked event:
