The U.S. economy grew at a steady annualized rate of 2.8% in the third quarter, according to the Commerce Department’s second estimate released on Wednesday. The figure remains unchanged from the initial estimate, reflecting solid consumer spending and a favorable contribution from business investment. Key Highlights GDP Growth: The third-quarter …
Read More »US Economy: From Recession Fears to Growth, What’s Next?
The US economy surprised many analysts and investors in 2024 by shifting from early fears of a potential recession into a period of resilience and growth. The Federal Reserve, which initially expected to cut rates multiple times this year, has revised its stance to just one cut. So, what does …
Read More »Growth Concerns, Strong USD Drive Investors Away From Metals
A week that saw a continued deterioration in the global growth outlook driven by extended China lockdowns, a stronger dollar and increasingly aggressive rate hike signals from members of the US Fed. The week highlighted how traders positioned themselves ahead of last Wednesday’s FOMC meeting. During the week US ten-year …
Read More »Oil slips, posts nearly 5% weekly loss on growth concerns
Oil slipped on Friday, posting a weekly loss of nearly 5%, on the prospect of weaker global growth, higher interest rates and COVID-19 lockdowns in China hurting demand even as the European Union considers a ban on Russian oil that would tighten supply.Brent crude settled down $1.68, or 1.6%, at …
Read More »Market Drivers – US Session – 19 April
Money flowed out of bonds again, sending the 10-year Treasury yield higher by 4 basis points to 2.9%. The bond market continues to price in aggressive rates by the Federal Reserve this year.Economic DataHousing Starts rose by 0.3% in March, taking the rolling 12-month number of starts to 1.793M, above …
Read More »