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GDP tomorrow

:75ebf9ecd:
Increase in consumer spending, inventories, exports, residential investment and government spending = Bidenomics
 
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mr.h said:
GDP tomorrow

:75ebf9ecd:
Increase in consumer spending, inventories, exports, residential investment and government spending = Bidenomics
Click to expand...
09:30USDGross Domestic Product Annualized(Q3) PREL5.2% 0.485%4.9%
09:30USDGross Domestic Product Price Index(Q3) PREL3.5% 0.003.5%3.5%
5.2%

That 70S Show Lol GIF by Peacock

*warning…
stocks may rise..
 
09:30USDContinuing Jobless Claims(Nov 17) 1.927M--1.841M
09:30USDCore Personal Consumption Expenditures - Price Index (MoM)(Oct) 0.2% 0.000.2% 0.3%
09:30USDCore Personal Consumption Expenditures - Price Index (YoY)(Oct) 3.5% 0.003.5% 3.7%
09:30USDInitial Jobless Claims(Nov 24) 218K-0.22220K211K
09:30USDInitial Jobless Claims 4-week average(Nov 24) 220K--220.5K
09:30USDPersonal Consumption Expenditures - Price Index (MoM)(Oct) 0% -0.430.1% 0.4%
09:30USDPersonal Consumption Expenditures - Price Index (YoY)(Oct) 3% 0.003% 3.4%
09:30USDPersonal Income (MoM)(Oct) 0.2% 0.000.2% 0.4%
09:30USDPersonal Spending(Oct) 0.2% 0.000.2% 0.7%
Inflation cooling..
core consumption does not include food and energy.
 
Yahoo news
Inflation continued to cool in October, according to the Federal Reserve's favorite price index.

The Personal Consumption Expenditures (PCE) Index grew 3% year over year for the month, down from 3.4% in September and in line with expectations. "Core" PCE, which excludes the volatile food and energy categories, grew 3.5%, down from 3.7% from the month prior and also in line with what economists surveyed by Bloomberg had expected.

Month-over-month, core PCE rose 0.2% in October, down from 0.3% in September.


Core PCE is the inflation measure most often mentioned by Federal Reserve Chair Jerome Powell and therefore is watched closely by investors.

"For the Fed, fresh signs of softer inflation and consumer demand confirm it is well positioned to remain on hold at the December policy meeting," EY senior economist Lydia Boussour wrote in a research note on Thursday. "We reiterate our long-standing view that the Fed’s tightening cycle is likely complete. With the Fed’s favored inflation gauge — core PCE inflation — likely falling below 2.5% in the spring, we expected the first Fed rate cut in June 2024
 
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09:55USDRedbook Index (YoY)(Dec 1) 3% --6.3%
10:15NZDGDT Price Index 1.6% --0%
10:45USDS&P Global Composite PMI(Nov) 50.7--50.7
10:45USDS&P Global Services PMI(Nov) 50.80.0050.850.8
11:00USDISM Services Employment Index(Nov) 50.7--50.2
11:00USDISM Services New Orders Index(Nov) 55.5--55.5
11:00USDISM Services PMI(Nov) 52.70.465251.8
11:00USDISM Services Prices Paid(Nov) 58.3--58.6
11:00USDJOLTS Job Openings(Oct) 8.733M-1.189.3M9.35M
11:00USDRealClearMarkets/TIPP Economic Optimism (MoM)(Dec) 40-2.0545.244.5
11:00USDTotal Vehicle Sales(Nov) 15.32M--15.44M
Service sector expansion
 

08:00		USDMBA Mortgage Applications(Dec 1)2.8% --0.3%
09:15USDADP Employment Change(Nov)103K-0.21130K106K
09:30USDGoods and Services Trade Balance(Oct)$-64.3B-0.11$-64.1B$-61.2B
09:30USDGoods Trade Balance(Oct)$-89.5B--$-89.8B
09:30USDNonfarm Productivity(Q3)5.2% 0.344.9%4.7%
09:30USDUnit Labor Costs(Q3)-1.2% -0.28-0.9%-0.8%
Productivity up
labor costs down
jobs softened
 
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mr.h said:

08:00		USDMBA Mortgage Applications(Dec 1)2.8% --0.3%
09:15USDADP Employment Change(Nov)103K-0.21130K106K
09:30USDGoods and Services Trade Balance(Oct)$-64.3B-0.11$-64.1B$-61.2B
09:30USDGoods Trade Balance(Oct)$-89.5B--$-89.8B
09:30USDNonfarm Productivity(Q3)5.2% 0.344.9%4.7%
09:30USDUnit Labor Costs(Q3)-1.2% -0.28-0.9%-0.8%
Productivity up
labor costs down
Click to expand...
Get that gas down under 3$ around the country. Will the prices of goods ever come down? or are the stores going to gouge us now?
 
Bird4um said:
Get that gas down under 3$ around the country. Will the prices of goods ever come down? or are the stores going to gouge us now?
Click to expand...
It’s the eoy holidays. Some gourging, some sales. Always expect a Christmas Rally.
 
08:30USDChallenger Job Cuts(Nov) 45.51K--36.836K
09:30USDContinuing Jobless Claims(Nov 24) 1.861M-3.871.91M1.925M
09:30USDInitial Jobless Claims(Dec 1) 220K-0.22222K218K
Jobless claims not rising
 
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@mr.h is the most positive person I may know.

From history, the Fed wouldn’t be expected to cut rates 6 times in a year if we were looking at a soft landing. A soft landing would be 2-3 over many months. Just my take. The economy is soft and the government debt is a massive anchor.
 
mr.h said:
I know a lot of business owners moving to Nevada, but their businesses are still in California. And who the **** wants to hire in a state that is taking away woman’s rights.That’s 50% of their workforce. I believe California has a budget surplus.
Click to expand...
No.

California faces 'severe revenue decline,' record $68 billion budget deficit as mass exodus continues

www.foxnews.com

California faces 'severe revenue decline,' record $68 billion budget deficit as mass exodus continues

California is facing what a nonpartisan budget group says is a "severe revenue decline," and a record $68 billion budget deficit as its citizens continue moving to GOP-run states.
www.foxnews.com www.foxnews.com
 
Empirical Cane said:
No.

California faces 'severe revenue decline,' record $68 billion budget deficit as mass exodus continues

www.foxnews.com

California faces 'severe revenue decline,' record $68 billion budget deficit as mass exodus continues

California is facing what a nonpartisan budget group says is a "severe revenue decline," and a record $68 billion budget deficit as its citizens continue moving to GOP-run states.
www.foxnews.com www.foxnews.com
Click to expand...

That would have been great question to Newsome in that dumb debate with DeSantis. They talked about people leaving but not about CA deficit.
 

09:30		USDAverage Hourly Earnings (MoM)(Nov) 0.4% 1.020.3% 0.2%
09:30USDAverage Hourly Earnings (YoY)(Nov) 4% 0.004% 4%
09:30USDAverage Weekly Hours(Nov) 34.41.1234.334.3
09:30USDLabor Force Participation Rate(Nov) 62.8% --62.7%
09:30USDNonfarm Payrolls(Nov) 199K0.26180K150K
09:30USDU6 Underemployment Rate(Nov) 7% --7.2%
09:30USDUnemployment Rate(Nov) 3.7% -1.513.9% 3.9%
Earnings up
payrolls up
unemployment rate down
 
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