Latest News

Q4 GDP Tracking

0

by Calculated Risk on 12/09/2022 05:13:00 PM

From BofA:

The components of PPI that we use to deflate structures investment and inventories imply modestly more non-residential investment and inventory accumulation in the quarter than we were assuming. After rounding, our 4Q US GDP tracking estimate moved up one-tenth to 1.6% q/q saar. [Dec 9th estimate]emphasis added

From Goldman:

We lowered our Q4 GDP tracking estimate by 0.1pp to +1.7% (qoq ar). [Dec 9th estimate]

And from the Altanta Fed: GDPNow

The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2022 is 3.2 percent on December 9, down from 3.4 percent on December 6. After this morning’s releases from the US Census Bureau and the US Bureau of Labor Statistics, the nowcast of fourth-quarter gross private domestic investment growth decreased from 1.7 percent to 0.7 percent. [Dec 9th estimate]

Mark Hulbert: If the bulls really were in control, these stock market sectors would be leaders right now

Previous article

: Carvana bonds rally off worst levels but cash crisis continues to spook Wall Street

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News