GDP

Wall Street is digesting a slew of economic data Thursday following updates on pending home sales, jobless claims and fourth quarter GDP estimates. Here's a look at the data and how the markets are reacting.  GDP: The second estimate released Thursday by the U.S. Bureau of Economic Analysis revised...

The second estimate released Thursday by the U.S. Bureau of Economic Analysis revised the real GDP up by less than 0.1 percentage point from the previous month’s advance estimate. The U.S. economy experienced a slowdown in growth during the fourth quarter of 2024, with real GDP increasing at...

Donald Trump‘s proposed tax plan paints an encouraging picture of lower taxes and stronger economic growth, but the numbers may tell a different story. The promised tax cuts could slash federal revenue by up to $11.2 trillion over the next decade, sending U.S. debt soaring to 149% of gross...

The U.S. economy continued to grow in the final quarter of 2024, but at a slower-than-expected pace as a decline in investments offset strong consumer spending. Gross domestic product grew at an annualized rate of 2.3% in the fourth quarter compared to the previous three months, according to...

Ray Dalio, founder of Bridgewater Associates, called for urgent measures to address the mounting U.S. federal debt crisis during an interview on The All-In Podcast, emphasizing the need to reduce the deficit to 3% of gross domestic product from its current level of nearly 7%. What Happened: The U.S...

The U.S. economy is defying expectations, and the International Monetary Fund is taking notice. With strong consumer demand, supportive financial conditions, and a shifting policy landscape, the IMF now sees U.S. growth accelerating in 2025. Europe and China, meanwhile, struggle to gain momentum....

Recession fears for 2025 are fading fast, with market models and economist forecasts signaling a slim chance of economic contraction. But with optimism running high, could markets be misreading the risks? According to the New York Fed's recession model, there is a 29% probability that the U.S. will...

In the face of global and national political upheavals, the U.S. economy is projected to maintain its exceptional performance, surpassing other major economies in 2025, as per economist Mohamed El Erian. What Happened: El Erian attributes the strength of the U.S. economy to its significant foreign...

An inflation gauge that’s closely watched by the Federal Reserve rose as anticipated in October, while personal income and spending data continues to reveal a resilient U.S. consumer. Earlier on Wednesday, the second estimate of the third-quarter economic growth was 2.8%, in line with the...

A Goldman Sachs economist has suggested that the US economy could experience accelerated growth with increased use of GLP-1 weight-loss drugs like Ozempic. What Happened: Jan Hatzius, chief economist at Goldman Sachs, has said that US GDP could potentially grow an additional 1% if 60 million...

The U.S. Treasury yields have priced in the expectations of higher Consumer Price Inflation as the two-year bonds declined, with the yields rising to 4.34%, on Tuesday. These yields have risen the most since July 2024, as per Bloomberg. The ten-year yields followed and rose to 4.40% as well. Few...

The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to official advance estimates released Wednesday. This marks a slowdown from the 3% growth recorded in the second quarter and fell short of the anticipated 3%. The Atlanta Fed's GDPNow model forecasted a 3.3%...

Investors on Wall Street seem upbeat as the index futures point to a positive start on Wednesday despite ending the previous session on a mixed note. Search and advertising giant Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) kicked off the highly anticipated tech earnings week on a strong note. The...

There is one week left in the head-to-head matchup between Donald Trump and Vice President Kamala Harris to decide who will win the 2024 presidential election. A leading market economist made his prediction on who will win the race. What Happened: Economist and market strategist Christophe Barraud...

On Wednesday, the U.S. Bureau of Economic Analysis will release its advance estimate for third-quarter GDP growth. Analysts and economists are predicting a strong performance, with consensus estimates set at 3% growth quarter-over-quarter annualized, reflecting resilient consumer spending and...