Early estimates for US economic activity in the third quarter point to a mild recovery in output following two straight quarterly declines, based on the median for a set of nowcasts compiled by CapitalSpectator.com. The bounce is encouraging but should be viewed cautiously this early in the quarter. For the moment, however, a bit of relief appears to be brewing ahead of the government’s initial Q3 estimate, scheduled for release on Oct. 27 via the Bureau of Economic Analysis.
Daily Archives: August 10, 2022
Macro Briefing: 10 August 2022
* Russia says oil flows to three central European nations have been halted
* Can Taiwan hold out against a Chinese invasion? Yes, a war game predicts
* China’s consumer inflation rises to highest level in two years
* Low water level in key rivers in Europe threaten to cripple trade
* US workers’ wages continue rising briskly, contributing to high US inflation
* US national average for gas falls below $4 a gallon for first time since March
* Rebound in value stocks continues to fade relative to growth shares:
