Q3 GDP will be released next Thursday, Oct 26th. The consensus estimate is real GDP increased at a 4.1% annualized rate in Q3. From Bank of America: Overall, the data flow since our last weekly pushed up our 3Q US GDP tracking estimate from 3.8% to 4.3% q/q saar. [Oct 20th estimate] From Goldman Sachs: We […]
Q3 GDP Tracking at ~4% Read More »
Bank of America: Overall, the data flow since our last weekly pushed up our 3Q US GDP tracking estimate from 3.7% to 3.8% q/q saar. [Oct 13th estimate] Goldman Sachs: We left our Q3 GDP tracking estimate unchanged at +3.7% (qoq ar) and our domestic final sales growth forecast also unchanged at +2.4%. [Oct 10th estimate] Atlanta Federal
Q3 GDP Tracking ~ High 3s Read More »
Week of October 09, 2023 Strong job market, fueled by immigration, raises questions for the Federal Reserve Bond and currency market volatility: Causes and implications Oil prices reverse course Eurozone retail sales continue to fall US mortgage applications down sharply Strong job market, fueled by immigration, raises questions for the Federal Reserve The US job
Per the release of the October CPI report, we now have the Cost of Living Adjustment (COLA), and the contribution base for 2024. From Social Security: Social Security Announces 3.2 Percent Benefit Increase for 2024 Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase 3.2 percent in 2024, the Social
COLA Increases – 3.2% in 2024 Read More »
Drewry’s World Container Index decreased by 1.5% to $1,369.06 per 40ft container this week. Shanghai – Los Angeles $1,996 | -24% Annual Change Shanghai – New York $2,630 | -58% Annual Change Detailed assessment for Thursday, 12 October 2023 The composite index has decreased by 1.5% to $1,369.06 this week, and has dropped by 60.7%
World Container Index – 12 Oct Read More »