Fitch Offers Brighter US and Emerging Market GDP Growth in 2017, Less So for China

As the year comes to an end, you can expect to see more and more 2017 forecasts. Fitch Ratings is joining in on that trend. Much of the report is ...
Read Full Story »
Chemical plant

Q3 GDP Revised Higher Than Expected

Tuesday brought the first revision for third-quarter gross domestic product (GDP), and the revision was both higher than the first estimate and higher than the expectations already shown. GDP's first ...
Read Full Story »

Growth in Europe Picks Up in Flash PMI Reading

The markets have seen two weeks of post-election rallying, while U.S. interest rates and the dollar have both been rising in anticipation of a return to growth. Markit has already ...
Read Full Story »
Boeing 787-10

October Durable Goods Orders Surged Higher

The U.S. Commerce Department has released its Durable Goods report for the month of October and it was a strong number across the board. 24/7 Wall St. would remind investors, ...
Read Full Story »
Goldman Sachs

Goldman Sachs Issues Upside 2017 Macro Outlook: Trump, GDP, Taxes and Policy

If there is one brokerage research firm that can turn the heads of all investors at once it would have to be Goldman Sachs Group Inc. (NYSE: GS). After all, ...
Read Full Story »
Federal Reserve

Chicago Fed National Activity Index Ticked Higher in October, But Still Negative

The Chicago Federal Reserve bank has released its National Activity Index showing a better reading for October versus September. The report was still negative at -0.08, but this is better ...
Read Full Story »
house with cash

Fannie Mae Suggests How Administration Changes May Impact 2017 Outlook

Fannie Mae has released some of its expectations for 2016 and 2017 based upon changes in the new administration ahead. The government-sponsored entity's Economic & Strategic Research Group released its ...
Read Full Story »

Retail Sales Off to Strong Start in Q4, a Good Sign for GDP

Retail sales managed to grow more than expected in the month of October, rising 0.8% on the headline number. Bloomberg and Dow Jones (Wall Street Journal) both had their consensus ...
Read Full Story »
White House

Welcome to the Trump Recession

If consumer spending is two-thirds of gross domestic product (GDP), then Americans may recoil from the shock of a Trump victory by sitting on the sidelines as consumers, at least ...
Read Full Story »

Will a Shrinking Trade Deficit Help GDP and Other Metrics?

Investors and economists alike were looking for a solid read on gross domestic product (GDP) long before they were considering what this week's unemployment and payrolls data might look like. ...
Read Full Story »
Smiling call center employees sitting in line, good customer service

Services Economy and Employment Measures Show Slower Growth in October

The United States is now a post-manufacturing economy. We might not just be a nation of white-collar jobs and restaurant workers, but we are definitely now a services focused economy. ...
Read Full Story »

Mixed Manufacturing Index Readings Ahead of FOMC Decision on Rates

This week's Federal Open Market Committee (FOMC) meeting is still looking more toward a December rate hike rather than a November one being telegraphed. That being said, economic data has looked ...
Read Full Story »

Euro Area GDP Still Escapes Contraction in Q3

Among all the problems in Europe and the post-Brexit woes, the European Statistics agency (Eurostat) has released its first view of third-quarter seasonally adjusted gross domestic product (GDP). The preliminary ...
Read Full Story »
piggy bank

How the Personal Savings Rate Stacks Up Against GDP Gain

When the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) released its third-quarter preliminary gross domestic product (GDP) figure, there were many exceptions to consider behind the seemingly strong ...
Read Full Story »
spraying soybeans

Several Factors That Skewed the Q3 GDP Gains

When the markets got their first look at third-quarter gross domestic product (GDP) on Friday, you might have thought the reaction would be extremely positive right off the bat. The ...
Read Full Story »