US economic activity is on track to remain slow in this month’s second-quarter GDP report. The expansion is expected to continue via the government’s data, but today’s revised nowcast for Q2 suggests that output will remain more or less comparable to Q1’s modest increase, based on the median estimate for a set of projections compiled by CapitalSpectator.com.
Daily Archives: July 17, 2024
Macro Briefing: 17 July 2024
* IMF lowers its 2024 economic growth forecast for US
* A new era for the US dollar may arrive with a Trump-Vance administration
* Trump says, as president, he would let Fed Chair Powell to finish his term
* US homebuilder sentiment falls in July to lowest level since December
* US retail spending was flat in June, but…
* Retail sales ex-autos rise 0.4%, biggest monthly gain since April:
