Atlanta Fed GDPNow Trims Q3 US Growth Outlook to 3.7%
The Atlanta Fed's GDPNow model cut its Q3 US growth estimate to 3.7% from 5.0%, citing a wider August goods trade deficit and softer consumer spending.
The Atlanta Fed's GDPNow model cut its Q3 US growth estimate to 3.7% from 5.0%, citing a wider August goods trade deficit and softer consumer spending.
Spain, France and Poland posted higher inflation in September, with energy costs driven by the Iran war pushing prices above forecasts.
Bitcoin rose above $85,000 and gold jumped after US PCE inflation came in at 3.4% versus 3.7% expected, cooling rate hike expectations.
US core PCE inflation slowed to 3.0% year-over-year in July, below the 3.3% expected, easing pressure on the Fed.
The US goods trade deficit widened to $132.6 billion in August, exceeding expectations, as imports rose faster than exports.
On September's final day, the dollar was mixed, Treasury yields slipped and Middle East oil supply worries eased, leaving stock futures without a clear…
Germany's preliminary September CPI rose to 3.3% year on year, above the 3.1% forecast and up from 2.9%; core inflation held at 2.4%.
Solana consolidates around $120 as traders watch Alpenglow upgrade and US-Iran negotiations for next moves.
ADP reported 90,000 private-sector jobs added, surpassing the 70,000 consensus forecast, with the prior month revised to 38,000.
European equities fell as oil and bond yields rebounded from overnight lows. The dollar eased, gold flat.
Today's PCE data will test stocks, crypto, and Trump's political standing as voters focus on prices ahead of midterms.
Bitcoin slipped 1% as US inflation data looms, while steady ETF inflows of roughly $3 billion over eight days supported the broader recovery.
All four German state CPI readings accelerated in September, raising the likelihood that national inflation will again exceed 3%.
German unemployment rose by 12,000 in September, well above the 1,000 expected, while the jobless rate stayed at 6.4%.
Germany's unemployment rose by 12,000 in September, far exceeding the 1,000 forecast. The jobless rate held at 6.4%.