Economic activity for the US for the third quarter is on track to recover in this week’s initial estimate from the government, based on the median for a set of estimates compiled by CapitalSpectator.com. The rebound is set to fade in Q4, however, according to early projections and so any celebrations over this week’s results may be short-lived.
Daily Archives: October 25, 2022
Macro Briefing: 25 October 2022
* UK economic, financial turmoil await Rishi Sunak, the incoming prime minister
* World in ‘global energy crisis’, says head of the International Energy Agency
* Fed’s rate hikes will pause when inflation halves, economist predict
* Recession is price to pay for taming inflation, says JP Morgan president
* China’s yuan falls to 15-year low against the US dollar on Tuesday
* China probably won’t bail out its ailing property sector, says economist
* US economic activity contracted in October via PMI survey data
* Chicago Fed Nat’l Activity Index indicates “steady” US growth in September:
