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Almost Landed
Article By:
Menzie Chinn
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Thursday, April 25, 2024 7:40 PM EDT
The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 1.6% annual rate in the first quarter.
California’s New Minimum Wage: A Cure That Exacerbates The Sickness
Article By:
SchiffGold
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Thursday, April 25, 2024 7:30 PM EDT
On April 1st, the state instituted a $20 minimum wage for fast food workers, the highest in the US. With California’s absurdly high cost of living, the policy appeared to make life more manageable for low-income residents.
Amid Macro Skepticism , Alphabet And Microsoft Shone Through
Article By:
Stephen Innes
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Thursday, April 25, 2024 6:33 PM EDT
Unless the BoJ throws caution to the wind and yanks a rate hike rabbit out of the hat tomorrow or pulls the trigger on intervention, this could be a painfully expensive experience for reversion traders
Expect Big Negative Revisions To BLS Monthly Jobs In 2023, GDP Too
Article By:
Mish Shedlock
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Thursday, April 25, 2024 6:10 PM EDT
Yesterday, the BLS released a little-read jobs report that shows reported jobs in 2023 may be wildly overstated. In turn, that means GDP is likely overstated as well.
The Middle Class Is Getting Destroyed, While Assets Are 40% Overvalued
Video By:
Adam Taggart
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Thursday, April 25, 2024 3:20 PM EDT
With the market now expecting less than 2 rate cuts this year -- perhaps none at all until next year according to Bank of America -- what does that mean for the economy?
In this video: SPY
Economic Growth Forecasts For G7 And BRICS Countries In 2024
Article By:
Jeff Desjardins
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Thursday, April 25, 2024 12:43 PM EDT
Economic growth projections by the IMF for major nations are mixed, with the majority of G7 and BRICS countries forecasted to have slower growth in 2024 compared to 2023.
US Indices Slide As Latest GDP Data Paints A Worrying Picture
Article By:
The Tokenist
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Thursday, April 25, 2024 12:17 PM EDT
US GDP growth slows to 1.6%, missing expectations. Major stock indices tumble in response.
Leading Indicators In The Q1 GDP Report Are Mixed
Article By:
New Deal Democrat
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Thursday, April 25, 2024 11:14 AM EDT
Nominal private residential fixed investment increased 3.5% during the first quarter. Real private residential fixed investment increased 3.3%.
2024 Q1 GDP Underperforms Expectations At 1.6 Percent Vs 2.3 Percent Expected
Article By:
Mish Shedlock
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Thursday, April 25, 2024 11:00 AM EDT
First-quarter GDP was lower than any estimate in the Bloomberg Econoday consensus range of 1.7 percent to 2.8 percent. Inflation was higher than expected.
US GDP Growth Slows Markedly, And Inflation Remains The Focus
Article By:
ING Economics
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Thursday, April 25, 2024 10:30 AM EDT
US GDP growth slowed to 1.6% annualized in the first quarter of this year, less than half the 3.4% rate recorded in 4Q23, but core inflation was stronger, picking up from a 2% annualized rate to 3.7%.
Jobless Claims Continue Their Snooze-Fest
Article By:
New Deal Democrat
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Thursday, April 25, 2024 9:52 AM EDT
Initial claims declined from -5,000 to 207,000, continuing their nearly 3 month long range of between 200-220,000 per week.
Treasury Cash Soars Providing A Liquidity Reprieve
Article By:
Lance Roberts
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Thursday, April 25, 2024 9:17 AM EDT
The U.S. Treasury now has $930 billion in cash in its Treasury General Account (TGA) held at the Federal Reserve.
Initial & Continuing Jobless Claims Continue To Ignore Reality
Article By:
Tyler Durden
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Thursday, April 25, 2024 9:05 AM EDT
The number of Americans filing for jobless benefits for the first time last week dropped to just 207k, below the 215k expectation, and back near YTD lows.
Gold Eyes Bullish Trend Resumption As Traders Await Key US Data
Article By:
Fawad Razaqzada
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Thursday, April 25, 2024 8:52 AM EDT
Gold has been able to regain its poise after the sharp drop we observed at the start of the week.
In this article: GLD
Earnings Spook The Market But Support Several Models
Article By:
Tematica Research
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Thursday, April 25, 2024 8:40 AM EDT
Equity futures point to a weak start when the stock market opens later this morning, following a string of weaker-than-expected guidance that in some cases includes higher spending relative to market forecasts.