U.S. real GDP grew 0.7 percent in 1Q17. This was the weakest quarter since a negative reading three years ago. The Atlanta Fed’s GDPNow model forecasts growth snapping back to 4.1 percent in 2Q17. Irrespective of quarterly swings, growth remains … Continued
Last Friday, the first print of 3Q16 GDP was published. Real GDP grew at an annualized rate of 2.9 percent. Inventory contributed 0.61 percent to this growth, snapping five consecutive quarters of negative contribution. Similarly, exports’ contribution jumped to 1.17 … Continued
Fed gets rid of “patient”, but hints it will be patient in hiking rates Surging dollar impacts exports; Fed takes 2015 GDP forecast down a notch With economic data increasingly coming in weak, rate-hike odds this year next to nil … Continued
Dollar index signaling it is ready to at least pause? Stronger $ will adversely impact both exports and earnings Fed can ill afford to send hawkish signal post-FOMC on Wednesday Over the past three sessions, this is how the U.S. … Continued
Growth rate of U.S. exports decelerating since 2Q14 At north of 13 percent, exports’ share of GDP remains very high Surging $ no good news for exports; some signs of fatigue, but buck’s momentum intact The advance estimate of real … Continued
Dollar continues to act well technically, amid signs of overcrowded trade U.S. exports’ share of GDP near all-time highs, means higher risk/reward to economy Strong greenback has not resulted in higher current account deficit last three years, a trend to … Continued