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  • Gross Domestic Product (Second Estimate) and Corporate Profits (Preliminary), First Quarter 2023

    From bea.gov

    Real gross domestic product (GDP) increased at an annual rate of 1.3 percent in the first quarter of 2023 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 1.1 percent (refer to "Updates to GDP"). The updated estimates primarily reflected an upward revision to private inventory investment. The increase in real GDP reflected increases ... (full story)

Added at 8:37am

  • GDP revised up to 1.3% growth rate in first quarter

    From washingtonexaminer.com

    The Bureau of Economic Analysis on Wednesday revised up its estimate for first quarter GDP growth to a 1.3% annual rate, from a previously estimated 1.1%. The latest update, the second of three, shows that first quarter gross domestic product growth was lower than the preceding quarter's 2.6% clip, showing a slowdown attributable in part to the Federal Reserve's campaign to tighten monetary policy and bring down inflation. The Fed once again hiked interest rates this month by a modest degree — a quarter of a percentage point — despite the threat of recession. Most investors expect the Fed to pause hiking rates ... (full story)

very-very good data for USD now
Wickoff is my basic analysis
  •  Guest
  • | IP XX.XX.226.249
1.3 %GDP is nothing to get excited about.
Even worse. With an expanding GDP and not yet fully down with inflation.. it might be a very bad cocktail.
Quoting Guest
1.3 %GDP is nothing to get excited about.
Not to sure, 5.2% per year for the states is good in my understanding
  •  Guest
  • | IP XX.XX.226.249
Quoting MaverickCT
{quote} Not to sure, 5.2% per year for the states is good in my understanding
4th quarter was 2.6, now 1.3... next quarter under 1 or even negative. Consumers are tapped out, have no money left to spend. This economy is headed in wrong direction.
USD/JPY is not over. Rally still valid to Pathway 145
Down Curve GDP,,,next GDP near zero estimate
Quoting Guest
{quote} 4th quarter was 2.6, now 1.3... next quarter under 1 or even negative. Consumers are tapped out, have no money left to spend. This economy is headed in wrong direction.
So true thete are many signals pointing this direction. CB need to let changes sink in. They are like kids who dont get the candyfloss.
Quoting Ftmofx
USD/JPY is not over. Rally still valid to Pathway 145
It could Pass that level!!!
that was all Nvidia
Interest rate increases has started yielding her dividend.....the u.s economy is back pedalling gradually...
Quoting Ftmofx
USD/JPY is not over. Rally still valid to Pathway 145
Not long ago, there were many here saying the path was 125-120. Looks like a long way now. The reason why I never make any calls. Everyone should do their own thing. As I always say, the price is going right and never left. Up and down, it is not for me to tell anyone.
Quoting MaverickCT
{quote} Not to sure, 5.2% per year for the states is good in my understanding
was the number not annualized? so the 1.3 is annual not quarterly
Economy has been running or debt for a long time. Student debt alone is 1.6 trillion. Consumer debt another 15.3 trillion. That's over 51k per person. 21 trillion in total income = 63k per person. Plus the federal debt of 94k per person.
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  •  Guest
  • | IP X.XXX.46.172
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