The U.S. new home sales for October fell by 5.6% month-on-month to 679,000, below the expected 721,000. The House Price Index for September increased by 0.6%, while the GDP sales for Q3 grew by 3.7%. The U.S. third-quarter economic growth was revised up to 5.2%, higher than the initial 4.9%, with the GDP growing at a 5.2% rate. The Core PCE Prices for Q3 rose by 2.3% year-on-year, and the PCE Prices increased by 2.8% year-on-year. The PCE Price Index for October rose by 3.0% year-on-year, the lowest since June. In Canada, the GDP for Q3 declined by 0.3% month-on-month and by 1.1% annualized. The Core PCE Price Index for October rose by 3.5% year-on-year, the lowest since May 2021. Pending home sales for October decreased by 1.5% month-on-month.
U.S. Economic Growth for Last Quarter Is Revised Up to a 5.2 Percent Annual Rate https://t.co/QyuzoEFent
Core PCE inflation -- which is the measure the Fed's trying to muscle down to a two percent rate -- ran at an annualized rate of: 2.0% over the past month 2.4% over the past three months 2.5% over the past six months We're awfully close to being there.
🇺🇸 United States Pending Home Sales (MoM) (Oct) $USD Actual: -1.5% 🟢 Expected: -2.0% Previous: 1.0%
⚠️BREAKING: *U.S. OCTOBER CORE PCE PRICE INDEX RISES 3.5% Y/Y; EST. 3.5%; PREV. 3.7% *LOWEST SINCE MAY 2021 🇺🇸🇺🇸 https://t.co/rBAYh0H2e4
As regards the latest US macro data: PCE inflation, often referred to as the #Fed's favorite measure, came in as expected at 3.0% for October. Core #inflation was 3.5%, again as expected. Meanwhile, weekly jobless claims edged higher to 218,000 while the increase in monthly…
I'm later to proclaim it than many others but we're almost at the soft landing. Core PCE inflation annualized: 1 month: 2.0% 3 months: 2.4% 6 months: 2.5% 12 months: 3.5% https://t.co/idYO3KtZtn
⚠️BREAKING: *U.S. OCTOBER PCE PRICE INDEX RISES 3.0% Y/Y; EST. 3.0%; PREV. 3.4% *LOWEST SINCE JUNE 🇺🇸🇺🇸 https://t.co/hqbwUOIpjf
PCE inflation has totaled 3% over the past year, and is on course to total 3% for 2023 as a whole. Graphs via @katekgen at @BudgetHawks https://t.co/zixyknXFJA
The Fed's preferred measure of inflation (Core PCE) moved down to 3.5% in October, the lowest since April 2021. The Fed Funds Rate is now 1.8% above Core PCE, the most restrictive monetary policy we've seen since 2007. https://t.co/99NenbcYDW
More good news on inflation: The PCE index fell to 3% y/y in October. **That's the lowest PCE inflation rate since March 2021** "Core" PCE fell to 3.5% y/y https://t.co/xyQUBcNBUm https://t.co/OkIgISfFVE
🇨🇦 Canada GDP (YoY) (Q3) $CAD Actual: 0.47% Previous: 1.20%
US PCE PRICE INDEX MOM ACTUAL 0% (FORECAST 0.1%, PREVIOUS 0.4%)
US CORE PCE PRICE INDEX YOY ACTUAL 3.462924% (FORECAST 3.5%, PREVIOUS 3.7%)
⚠US PCE PRICE INDEX YOY ACTUAL 3% (FORECAST 3%, PREVIOUS 3.4%)
🇺🇸 United States Core PCE Price Index (MoM) (Oct) $USD Actual: 0.2% Expected: 0.2% Previous: 0.3%
🇺🇸 United States PCE price index (MoM) (Oct) $USD Actual: 0.0% 🔴 Expected: 0.1% Previous: 0.4%
🇺🇸 United States PCE Price index (YoY) (Oct) $USD Actual: 3.0% Expected: 3.0% Previous: 3.4%
🇺🇸 United States Core PCE Price Index (YoY) (Oct) $USD Actual: 3.5% Expected: 3.5% Previous: 3.7%
🔴 ⚠️ BREAKING: US PCE PRICE INDEX YOY ACTUAL 3% (FORECAST 3%, PREVIOUS 3.4%) $MACRO
🔴 CANADIAN GDP QOQ ACTUAL -0.3% (FORECAST -, PREVIOUS 0.0%) $MACRO
🇨🇦 Canada GDP (QoQ) (Q3) $CAD Actual: -0.3% Previous: 0.3%
🇨🇦 Canada GDP Annualized (QoQ) (Q3) $CAD Actual: -1.1% 🔴 Expected: 0.2% Previous: 1.4%
U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated https://t.co/vlBzsNE1H8
U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated https://t.co/vlBzsNE1H8
Q3 GDP growth revised from 4.9% to 5.2% https://t.co/b6CCUKcgJl
US third-quarter economic growth revised up to 5.2% https://t.co/AZZgX9HmX8 https://t.co/ozvLotkDRw
US economic growth for last quarter is revised up to a 5.2% annual rate https://t.co/vBNDAM5gV3
Fresh data released today shows U.S. economic growth in the third quarter was even better than previously thought: GDP increased at a 5.2% annualized rate. https://t.co/sQnoGqKmML
The already-impressive US GDP growth for the third quarter was revised higher: From 4.9% to 5.2%, above the consensus expectation of 5.0% and more than twice Q2's 2.1%. As to the components: The upward revision reflected stronger business investment and state/local government…
U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated https://t.co/xSrKCP3a5E
U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated https://t.co/6Jf1M2koSB
⚠️BREAKING: *U.S Q3 GDP 5.2% Y/Y, EXP. 4.9% *U.S. Q3 GDP PRICE INDEX 3.5% Y/Y, EXP. 3.5% 🇺🇸🇺🇸 https://t.co/iePpg9Q0Rm
#BREAKING: US economic growth for last quarter is revised up to a 5.2% annual rate https://t.co/UnofRTTiMf https://t.co/BTOG7BVnpQ
⚠️ US THIRD-QUARTER ECONOMIC GROWTH REVISED UP TO 5.2% The U.S. economy grew faster than initially thought in the third quarter, but momentum appears to have since waned as higher borrowing costs curb hiring and spending. https://t.co/KySjnGI2YP
⚠️BREAKING: *U.S. Q3 GDP CORE PCE PRICES RISE 2.3% Y/Y; EST. 2.4%; PREV. 3.7% *LOWEST SINCE Q4 2021 🇺🇸 🇺🇸 https://t.co/qhK1oH1Zci
⚠️BREAKING: *U.S. Q3 GDP PCE PRICES RISE 2.8% Y/Y; EST. 2.9%; PREV. 2.5% 🇺🇸 🇺🇸 https://t.co/TQWf2hxEoT
US 3rd Quarter real GDP growth just got revised up from 4.9% to 5.2% annualized https://t.co/zI7tNOuzMk https://t.co/lKWOWwsqxa
⚠️BREAKING: *U.S. Q3 GDP RISES 5.2%, EST. 4.9%; PREV. 2.1% *HIGHEST READING SINCE Q4 2022 🇺🇸🇺🇸 https://t.co/wV5PKrjQcy
US CORE PCE PRICES PRELIM ACTUAL 2.3% (FORECAST 2.4%, PREVIOUS 2.4%)
🔴 US PCE PRICES PRELIM ACTUAL 2.8% (FORECAST -, PREVIOUS 2.9%) $MACRO
🇺🇸 United States Core PCE Prices (Q3) $USD Actual: 2.30% 🔴 Expected: 2.40% Previous: 3.70%
🇺🇸 United States PCE Prices (Q3) $USD Actual: 2.8% 🔴 Expected: 2.9% Previous: 2.5%
🇺🇸 United States GDP Sales (Q3) $USD Actual: 3.7% 🟢 Expected: 3.5% Previous: 2.1%
🇺🇸 United States GDP (QoQ) (Q3) $USD Actual: 5.2% 🟢 Expected: 4.9% Previous: 2.1%
🇺🇸 U.S GDP ANNUALIZED (QOQ) (Q3) ACTUAL: 5.2% VS 4.9% PREVIOUS; EST 5.0%
🇺🇸 United States House Price Index (MoM) (Sep) $USD Actual: 0.6% 🟢 Expected: 0.4% Previous: 0.7%
Core PCE since June is running at a 2.4% annualized rate. This week’s print isn’t likely to change that. There’s autos and shelter disinflation in the pipeline. Burden of proof is with people who argue the outlook for inflation is 2.5%+: https://t.co/kRcOhSCPFY
⚠️BREAKING: *U.S. OCTOBER NEW HOME SALES FALL -5.6% M/M TO 679,000; EST. 721,000; PREV. 719,000 🇺🇸 🇺🇸 https://t.co/cS6OYIXIJH
🇺🇸 United States New Home Sales (MoM) (Oct) $USD Actual: -5.6% Previous: 8.6%