Early assessments of third-quarter economic activity for the US point to slowdown vs. Q2, based on the median nowcast for a estimates compiled by CapitalSpectator.com. The downshift is prominent, but the estimate still points to low recession risk.
Daily Archives: August 13, 2024
Macro Briefing: 13 August 2024
* Iran retaliation against Israel could come this week, says White House
* Majority of Americans wrongly think US is in recession
* Investor demand for bonds rebounds as recession fear rises
* Fund managers raise cash holdings in August, BofA survey reports
* German economic sentiment falls sharply in August
* Big Tech’s electricity use higher than some demand in some countries
* GM cuts staff in China as it rethinks its strategy for the country
* Small business optimism rises for fourth straight month in July:
