The US economy now is estimated to have expanded by 3.2% in Q3, up from the initial estimate of 2.9%, and is the fasted in since Q3 2014. The average quarterly growth rate this year is 1.8% compared with 1.9% last year. The Federal Reserve estimates trend growth or the long-term sustainable pace is 1.8%. …
Former Fed chief Bernanke will participate in a discussion tomorrow about the Fed’s communication. Ahead of it, he has sketched out his views on his Brookings Institution blog here. Most of the discussion is on the Summary of Economic Projections (SEP), the infamous dot plot. Bernanke defends this communication tool, but implicit in the …
The US dollar correctly lowered yesterday, but most of the selling was over by the end of the Asian session, and the greenback steadied in Europe and North America. The dollar is firm against the euro and yen but within yesterday’s broad trading ranges. The Australian and Canadian dollar’s gains from yesterday are being pared. …
Dollar Comes Back Mostly Firmer, but Focus is Elsewhere Read More »