December 19, 2024
United States:
US GDP Revised Up to 3.1% on Stronger Consumer Spending, Exports
The US economy expanded at a faster pace in the third quarter than previously estimated, owing in part to stronger consumer spending and exports.
Gross domestic product increased at a 3.1% annualized rate in the third quarter, the third estimate of the figures from the Bureau of Economic Analysis showed Thursday.
Europe:
ECB Should Keep Consistent Pace of Rate Cuts, Simkus Says
The European Central Bank should keep lowering borrowing costs at the current pace as inflation is increasingly under control, according to Governing Council member Gediminas Simkus.
The downward direction for monetary policy is clear, the Lithuanian official said Thursday.
Asia:
BOJ’s Ueda Hints at Chance of Later Rate Hike, Sending Yen Lower
Bank of Japan Governor Kazuo Ueda opened the possibility of waiting longer for his next interest rate hike in comments that lowered expectations of a January move and hammered the yen.
Ueda said more information on Japan’s wages and the policies of US President-elect Donald Trump is needed before the BOJ can decide on a rate hike.
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