U.S. GDP Jumps Slightly Less Than Previously Estimated In Q4

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U.S. GDP Jumps Slightly Less Than Previously Estimated In Q4

(RTTNews) - Revised data released by the Commerce Department on Wednesday showed the U.S. economy grew by slightly less than previously estimated in the fourth quarter of 2023.

The Commerce Department said the jump by real gross domestic product in the fourth quarter was downwardly revised to 3.2 percent from the previously reported 3.3 percent. Economists had expected the surge in GDP to be unrevised.

The slightly slower than previously estimated growth reflected downward revisions to private inventory investment and federal government spending as well as an upward revision to imports, which are a subtraction in the calculation of GDP.

Meanwhile, the report also showed upward revisions to state and local government spending, consumer spending, residential fixed investment, nonresidential fixed investment and exports.

Teg: USD
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U.S. Mortgage Applications Grow Despite Rising Rates: MBA

U.S. Mortgage Applications Grow Despite Rising Rates: MBA

Home loan applications approved and purchase activity in the U.S. increased in the week ended November 21 even as mortgage rates continued to climb, survey data from the Mortgage Bankers Association revealed on Wednesday.
RTTNews | 2 hari yang lalu
Chicago Business Barometer Unexpectedly Plunges In November

Chicago Business Barometer Unexpectedly Plunges In November

MNI Indicators released a report on Wednesday unexpectedly showing a steep drop by its reading on Chicago-area business activity in the month of November. The report said the Chicago business barometer plunged to 36.3 in November after climbing to 43.8 in October, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 44.3.
RTTNews | 3 hari yang lalu
U.S. Durable Goods Orders Climb 0.5% In September, More Than Expected

U.S. Durable Goods Orders Climb 0.5% In September, More Than Expected

New orders for U.S. manufactured durable goods increased by more than expected in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said durable goods orders climbed by 0.5 percent in September after spiking by an upwardly revised 3.0 percent in August. Economists had expected durable goods orders to rise by 0.3 percent.
RTTNews | 3 hari yang lalu
U.S. Weekly Jobless Claims Unexpectedly Dip To Seven-Month Low

U.S. Weekly Jobless Claims Unexpectedly Dip To Seven-Month Low

A report released by the Labor Department on Wednesday showed an unexpected dip by first-time claims for U.S. unemployment benefits in the week ended November 22nd. The Labor Department said initial jobless claims slipped to 216,000, a decrease of 6,000 from the previous week's revised level of 222,000. Economists had expected jobless claims to inch up to 225,000.
RTTNews | 3 hari yang lalu
U.S. Business Inventories Unexpectedly Unchanged In August

U.S. Business Inventories Unexpectedly Unchanged In August

Business inventories in the U.S. unexpectedly came in flat in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories were virtually unchanged in August following a downwardly revised 0.1 percent uptick in July.
RTTNews | 4 hari yang lalu
U.S. Consumer Confidence Deteriorates Much More Than Expected In November

U.S. Consumer Confidence Deteriorates Much More Than Expected In November

A report released by the Conference Board on Tuesday showed a substantial deterioration by U.S. consumer confidence in the month of November. The Conference Board said is consumer confidence index tumbled to 88.7 in November from an upwardly revised 95.5 in October. Economists had expected the consumer confidence index to dip to 93.3 from the 94.6 originally reported for the previous month.
RTTNews | 4 hari yang lalu
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PERINGATAN RISIKO TINGGI: Perdagangan pertukaran mata wang asing mempunyai risiko tinggi yang mungkin tidak sesuai untuk semua jenis pelabur. Leveraj menimbulkan risiko dan kerugian tambahan. Sebelum anda memutuskan untuk berdagang pertukaran mata wang asing, pertimbangkan dengan teliti objektif pelaburan, tahap pengalaman dan toleransi risiko anda. Anda berkemungkinan kehilangan sebahagian atau semua pelaburan awal anda. Jangan melaburkan wang yang anda tidak mampu untuk kehilangan. Didik diri anda tentang risiko yang berkaitan dengan perdagangan pertukaran asing, dan dapatkan nasihat daripada penasihat bebas kewangan atau cukai jika anda mempunyai sebarang pertanyaan mengenainya. Semua data dan maklumat yang disediakan adalah semata-mata untuk tujuan maklumat, dan bukan bertujuan untuk tujuan perdagangan atau nasihat. Prestasi masa lalu tidak semestinya menunjukkan hasil masa depan.