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US Economy Slowing but Not in Recession Territory as Pivotal Election Nears the 100-day Mark
The U.S. economy is likely to slow in the coming months but is not flashing recession signals as it enters the critical 100-day period to the November presidential election. The Conference Board’s leading economic index fell slightly in June, by 0.2%, following an upwardly revised 0.4% drop in May. Over the past six months, though, the index has declined by 1.9% – down from the 2.9% decrease since in the prior six months. “The US LEI continued to trend down in June, but the contraction was smaller than in the past three months,” Justyna Zabinska-La Monica, senior manager of business cycle indicators at the ... (full story)
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From @financialjuice|Jul 19, 2024post: ECB'S VILLEROY: DISINFLATION IS HAPPENING AS PREDICTED. post: ECB'S VILLEROY: INFLATION WILL CONTINUE TO DECLINE A BIT SLOWER. post: ECB'S VILLEROY: WE ARE WATCHING SERVICES INFLATION CAREFULLY. post: ECB'S VILLEROY: THERE IS MORE UNCERTAINTY ON GROWTH THAN A FEW MONTHS AGO. post: ECB'S VILLEROY: MARKET EXPECTATIONS ON RATES SEEM RATHER REASONABLE.
From ons.gov.uk|Jul 19, 2024Borrowing – the difference between public sector spending and income – was £14.5 billion in June 2024, £3.2 billion less than in June 2023 and the lowest June borrowing since ...
From destatis.de|Jul 19, 2024The producer prices of industrial products were 1.6% lower in June 2024 than in June 2023. In May 2024, the year-on-year change rate was -2.2%. The Federal Statistical Office ...
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From bbc.com|Jul 19, 2024|3 commentsA raft of global institutions - including major banks, media outlets and airlines - have reported being hit by a mass IT outage. The US state of Alaska has warned its emergency ...
From @FirstSquawk|Jul 19, 2024|8 commentspost: THE US AVIATION AUTHORITY REQUIRES ALL FLIGHTS TO LAND DUE TO A TECHNICAL COMPUTER GLITCH
From @financialjuice|Jul 19, 2024post: ECB'S SIMKUS: SERVICES INFLATION IS STILL VERY STRONG. post: ECB'S SIMKUS: ECONOMIC EXPANSION IS LIKELY WEAKER THAN FORECAST. post: ECB'S SIMKUS: THERE IS NO REASON FOR CUTS TO EXCEED 25 BPS EACH. post: ECB'S SIMKUS: THERE IS NO DOUBT THAT THE TOPIC OF A CUT WILL BE DISCUSSED IN SEPTEMBER. post: ECB'S SIMKUS: INTEREST RATES WILL KEEP GETTING LOWER, AND THEY WILL QUITE SIGNIFICANTLY.
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- Posted: Jul 19, 2024 2:29am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,392
