With less than three weeks before the government publishes its preliminary estimate of second quarter economic data, revised nowcasts have trimmed expectations for US output. Today’s estimate calls for a substantial slowdown in Q2 growth, based on a set of projections compiled by The Capital Spectator. The downgrade for the GDP nowcast comes at a time of concern that recession risk, for the US and the global economy, is rising.
Daily Archives: July 9, 2019
Macro Briefing: 9 July 2019
US and China set to relaunch trade talks: Reuters
Wall Street wonders if US will pursue weak-dollar policy: Bloomberg
US lawmakers don’t share Trump’s criticism of Fed chief: WSJ
Hong Kong’s leader says controversial extradition bill is dead: CNBC
Are central banks prepared to fight a global recession? NY Times
Rental demand soars at the expense of home buying: CNBC
US consumer credit expanded in May for second month: MW
10yr/3mo Treasury yield curve remains negative for 7th week:
