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US Shows Signs Of Growth, Conservatives Lead The Polls

JFD

US GDP estimates proved yesterday, that the US economy is still moving in the right direction, but the PCE rate was a slight disappointment. Conservatives continue to lead the way in the polls and US has a day off, as they celebrate Thanksgiving.

Yesterday, the day was filled with economic data releases from the United States. It started off with continuing jobless claims coming out better than expected, at 1640k, versus the 1690k forecast. Initial jobless claims were also at their best, beating expectations. Core durable goods number on a MoM basis for October came out 3 times higher than the expected +0.2%, at +0.6%. One of the main sets of data, which was in focus was the US preliminary GDP number on a QoQ basis for Q3. The figure managed to beat not only the forecast of...

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Source: https://www.jfdbank.com/en/research/us-shows-signs-of-growth-conservatives-lead-the-polls-20191128
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