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The comments came after the news Wednesday morning that the US economy grew at a slightly less rapid pace than economists had expected in the third quarter but still showed a robust annualized ...
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The Fed on Wednesday will release its latest projections for where it expects rates to head in the future, and, importantly, how many times it expects to ease rates in 2024.
Fans of USA during the Women's Gold Medal match between Brazil and United States of America during the Olympic Games Paris 2024 at Parc des Princes on Aug. 10, 2024, in Paris, France.
That was largely due to a downward revision to consumer spending, which accounts for about 70% of the US economy. Spending advanced 2% in the January-through-March period, compared to the initial ...
There were some signs of slowing within Monday's S&P Global data, however. The services component of S&P's report showed the index registered 55.4 this month, down from 55.7 in August.
This week, the Federal Reserve is expected to decide on the size of its highly-anticipated rate cut. Traders are pricing in a 100% chance of a cut and are merely debating how big it might be.
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its ...