Trade Sheet: Thursday October 31, 2024
Daniel Ivey2024-10-31T14:49:34-05:00
October 31, 2024 United States: Key US Inflation Gauge and Spending Pick Up in Solid Economy The Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsize reduction. The so-called core personal consumption expenditures price index, which
October 30, 2024 United States: US Economy Expands at 2.8% Rate, Powered by Resilient Consumer The US economy expanded at a robust pace in the third quarter as household purchases accelerated ahead of the election and the federal government ramped up defense spending. Inflation-adjusted gross domestic product increased at a 2.8% annualized after rising 3%
October 29, 2024 United States: Storms and Strike Will Complicate Last Jobs Report Before Fed Meeting, Election Friday’s employment report is the last the Federal Reserve will see before its policy meeting next week. But the data will be tough to parse. Flooding and power disruptions from Hurricanes Helene and Milton that crippled many business
October 28, 2024 United States: Next Hurdle for Treasuries Is Whether US Keeps Debt Sales Stable With its confidence in future interest-rate cuts shaken by US economic resilience, the Treasuries market is also facing doubts about how much longer the US government can avoid ramping up its borrowing. Even as the US continues to clock historically
October 25, 2024 United States: Economists Boost US Growth, Spending Forecasts into Early 2025 Economists nudged up quarterly US economic growth projections through early next year on more sanguine views of consumer demand and maintained views that limited inflation will keep the Federal Reserve on a path toward lower borrowing costs. The slight upward adjustments in gross