US economic activity remains on track to post a softer but still-solid growth rate in next month’s official GDP report for the third quarter. The analysis is based on the median estimate from several estimates compiled by CapitalSpectator.com.
Daily Archives: September 20, 2024
Macro Briefing: 20 September 2024
US jobless claims fell last week, dropping to the lowest level since late-May. “The labor market is softening but not imploding as you would expect in a recession. Fed policy is aimed at supporting the job market before a recession shapes up” says Carl Weinberg, chief economist at High Frequency Economics.
