WASHINGTON (Reuters) - Economic growth likely slowed in the second quarter as a capital investment drive by businesses was sated by imports and consumer spending tapered off, a government report is expected to show on Friday.
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BING NEWS:
- Will the Economy Stabilize in Q2 After Consecutive Quarterly Downshifts?
Output for the April-through-June period is currently projected to increase 1.9% (seasonally adjusted real annual rate), a modest improvement over Q1’s 1.6 advance. If today’s median Q2 nowcast is ...
05/3/2024 - 1:00 am | View Link - The Market News Today: Fed Holds Rates Steady, Eyes Future Cuts
Despite solid economic growth, the Fed remains cautious, emphasizing the need for sustained inflation progress towards the 2% target.
05/1/2024 - 10:35 pm | View Link - Why investors should be keeping one eye on this key economic data point
Investors should focus on the tightness in the labour market. We think labour supply will outstrip labour demand and see a further slowing in wage growth and a rise in the unemployment rate towards ...
05/1/2024 - 1:16 pm | View Link - Fed holds main rate steady, citing lack of progress against inflation
Fed Chair Jerome Powell said that the central bank will likely need to sustain current borrowing costs longer than it had expected early this year.
05/1/2024 - 9:50 am | View Link - China Caixin Manufacturing PMI Climbs to 51.4 in April
In April, the Caixin Manufacturing PMI rose from 51.1 to 51.4. Economists forecast a decline to 51.0. According to the Caixin Manufacturing PMI Survey, Manufacturers reported a jump in demand from ...
04/29/2024 - 3:16 pm | View Link - More
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