Economic outlook appears to be brightening

[stevenash]

Don’t look now, but U.S. growth forecasts are moving higher. That’s helping to support U.S. stocks.

Projections for U.S. economic growth from two Federal Reserve banks have risen in recent weeks. The Federal Reserve Bank of New York on Friday forecast that gross domestic product will rise 3.8% in the fourth quarter, up from a forecast of 3.2% a week earlier.

A separate measure from the Federal Reserve Bank of Atlanta forecast 3.4% growth last week. Research firm DataTrek noted that the rival forecasts are outpacing projections from human economists, who on average expect 2.7% growth for the quarter.

Even if the less optimistic Atlanta Fed model is correct, it would be the best quarter for the U.S. economy in more than three years.

The central banks’ forecasts are derived from statistical models that track incoming economic data, and are used by traders to gauge the health of the economy.

[BS Wildcats]

3 hours ago, stevenash said:

Don’t look now, but U.S. growth forecasts are moving higher. That’s helping to support U.S. stocks.

Projections for U.S. economic growth from two Federal Reserve banks have risen in recent weeks. The Federal Reserve Bank of New York on Friday forecast that gross domestic product will rise 3.8% in the fourth quarter, up from a forecast of 3.2% a week earlier.

A separate measure from the Federal Reserve Bank of Atlanta forecast 3.4% growth last week. Research firm DataTrek noted that the rival forecasts are outpacing projections from human economists, who on average expect 2.7% growth for the quarter.

Even if the less optimistic Atlanta Fed model is correct, it would be the best quarter for the U.S. economy in more than three years.

The central banks’ forecasts are derived from statistical models that track incoming economic data, and are used by traders to gauge the health of the economy.

The loony left will give credit to the idiot that was in office previously.

[Hagar]

5 minutes ago, BS Wildcats said:

The loony left will give credit to the idiot that was in office previously.

I smiled at that, but you're right.  

[stevenash]

New single-family home sales increased 6.2% in October to a 685,000 annual rate, well above the consensus expected 627,000. Sales are up 18.7% from a year ago.

Sales rose in all the major regions in October.

The months' supply of new homes (how long it would take to sell the homes in inventory) fell to 4.9 months in October from 5.2 months in September. The decline was due entirely to a faster sales pace. Inventories rose 4,000 units in October.

The median price of new homes sold was $312,800 in October, up 3.3% from a year ago. The average price of new homes sold was $400,200, up 13.6% versus last year.

 

But Trump said Grab em