Japan Q3 GDP Slows on Capex, Public Works Pullbacks as Expected, Propped Up by Downward Revision to Q2 Growth
–Q3 GDP +0.2% Q/Q, +0.9% Annualized Vs. Median Forecasts of +0.2%, +0.6%–External Demand’s Unexpected Dive Buoyed by Surprisingly Firmer Consumption Despite High Costs, Earthquake, Typhoons–Domestic Demand Pushes Up GDP by 0.6 Point, Net Exports Slashes Growth by 0.4 Point By Max Sato (MaceNews) – Japan’s third quarter economic growth slowed to 0.2% on quarter, on […]
Powell: Fed In No ‘Hurry’ To Keep Cutting Interest Rates
– FOMC Will Proceed ‘Carefully,’ ‘Patiently’ Toward ‘Neutral’ Funds Rate – FOMC May Slow Pace of Easing As It Approaches Neutral Range – Level of Neutrality Uncertain; So Should Move ‘Slowly and Carefully’ By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell declared Thursday that the Fed is in no “hurry” to keep […]