Summary United States: Another GDP Head Fake Real GDP expanded by an annualized 2.6% during Q3. The Employment Cost Index moderated to 1.2% in Q3. Personal income improved 0.4%, while personal spending increased 0.6%. Pending and new home sales cratered 10.2% and 10.9%, respectively, in September. Consumer confidence fell to 102.5 in October. Next week: […]
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