EUR/USD
1.16628
-0.087%
Gold
4624.13
-0.740%
Oil
79.881
-0.990%
USD/JPY
159.135
-0.042%
GBP/USD
1.36135
-0.245%
GBP/JPY
216.643
-0.283%
Real-time News
US President Trump: There may be new developments regarding the CIA Directors visit to Russia.US President Trump reiterated that the US blockade of the Strait of Hormuz remains in effect.US President Trump: (Regarding Irans Supreme Leader) I dont think hes dead, hes probably seriously injured.August 26 – The U.S. economy grew at an annualized rate of 1.5% in the second quarter, with no revisions. However, details revealed that consumer spending and business investment were stronger than initially estimated. The Bureau of Economic Analysis (BEA) released its second estimate Wednesday, showing that inflation-adjusted GDP grew at an annualized rate of 1.5%, compared to 2.1% in the first quarter. Consumer spending, which accounts for more than two-thirds of economic activity, grew at an annualized rate of 3.4% in the second quarter, higher than the initial estimate of 3.2%. Non-residential fixed investment grew at an annualized rate of 8.5%. A narrower measure of underlying demand – final sales by private domestic buyers – was revised to grow by 4.2% in the second quarter, the strongest increase in more than three years, higher than the initial estimate of 3.9%. This indicator excludes net exports, inventories, and government spending. Government spending declined by 1% annualized in the second quarter, reflecting a significant reduction in non-defense-related spending.Wall Street Journal reporter Nick Timiraos: Housings contribution to prices has recently fallen slightly below pre-pandemic levels, and of course, core PCE has also been at or below 2% during this period. I dont think this is getting much attention.
