The resonance of summer warnings that the US economy is on the precipice of recession continue to fade from the perspective of the upcoming third-quarter GDP report. The latest run of numbers continues to highlight encouraging nowcasts for the government’s initial Q3 report, scheduled for release on Oct. 30.
Daily Archives: September 30, 2024
Macro Briefing: 30 September 2024
US consumer spending continued to rise in August, driven by services spending. “The resilience of consumer spending and the stronger foundations strengthen our conviction that the near-term outlook for the economy remains bright,” says Michael Pearce, deputy chief US economist at Oxford Economics.
