The odds still look skewed toward a softer pace of expansion for fourth-quarter GDP, but an upgraded nowcast from the Atlanta Fed hints at the possibility for something stronger.
Daily Archives: December 4, 2024
Macro Briefing: 4 December 2024
US job openings rose in October, rebounding from September, when new openings fell to a three-year low. Although the current reading is well below the April 2022 peak following the economy’s recovery from the pandemic, the October level is still above the pre-pandemic high point. “The report points to ongoing resilience and doesn’t flag major concerns about the economy,” says Oren Klachkin, financial market economist at Nationwide. “With policy still restrictive in its view, the Fed can probably push through with another rate cut before considering a pause next year.”
