EconomicIndicators
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📉 U.S. Department of Labor reports Producer Price Index (PPI) for October 2023 at -0.5% compared to the previous month (up 0.5% in September), below market expectations. 📉📊 #USPPI #EconomicIndicators #FinancialNews 🌐
$BTC 📉 U.S. Q4 GDP Growth Update:
- Slightly below forecasts
- Recorded a 3.2% increase vs. expected 3.3%
- Monitoring potential market impact
- Stay informed and adapt trading strategies accordingly.
#Bitcoin #BTC #EconomicIndicators #ShogunFX
- Slightly below forecasts
- Recorded a 3.2% increase vs. expected 3.3%
- Monitoring potential market impact
- Stay informed and adapt trading strategies accordingly.
#Bitcoin #BTC #EconomicIndicators #ShogunFX
**U.S. Core PCE Price Index Rises Less Than Expected**: The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) reported that the U.S. core personal consumption expenditures (PCE) price index increased by 0.1% in November compared to the previous month, which was lower than market expectations of 0.2%. On an annual basis, the core PCE price index rose by 3.2%, slightly below the expected 3.3%. This index, which excludes energy and food prices, is closely monitored by the Federal Reserve as a key inflation indicator. 🇺🇸💹 #US #InflationHedgingCoin #EconomicIndicators
US GDP Growth Surges Despite Challenges👍
US GDP blew past all street estimates and grew at 4.9% in Q3, doubling the pace in the prevoius quarter and the fastest levels since 2021. A near regional-banking collapse, ongoing geopolitical conflicts, sky high mortgage rates and stubborn inflation were not able to slow the American consumer. Personal consumption jumped 4%, goods spending scorched at 4.8%, services spending rose 3.6%, final sales grew 3.5%, residential investment bounced 3.9%, and government and federal spending rose 4.6% and 6.2%, respectively. Inventory rebuilds added $66bln to GDP in the 3rd quarter, and core PCE slowed to a comfortable 2.4% vs 3.7% last quarter. An unequivocally strong report across the board.
The other data release collaborated with the strong data theme, with durable goods bouncing 4.7% verus -0.1% in August, pending home sales rebounding 1.1% versus -7.1% last month, and initial claims holding steady at just +10k (to 210k) for the week ending October 21.
#USGDP #Inflation #CorePCE #DurableGoods #EconomicIndicators
US GDP blew past all street estimates and grew at 4.9% in Q3, doubling the pace in the prevoius quarter and the fastest levels since 2021. A near regional-banking collapse, ongoing geopolitical conflicts, sky high mortgage rates and stubborn inflation were not able to slow the American consumer. Personal consumption jumped 4%, goods spending scorched at 4.8%, services spending rose 3.6%, final sales grew 3.5%, residential investment bounced 3.9%, and government and federal spending rose 4.6% and 6.2%, respectively. Inventory rebuilds added $66bln to GDP in the 3rd quarter, and core PCE slowed to a comfortable 2.4% vs 3.7% last quarter. An unequivocally strong report across the board.
The other data release collaborated with the strong data theme, with durable goods bouncing 4.7% verus -0.1% in August, pending home sales rebounding 1.1% versus -7.1% last month, and initial claims holding steady at just +10k (to 210k) for the week ending October 21.
#USGDP #Inflation #CorePCE #DurableGoods #EconomicIndicators
Men's Underwear Index Measures Economy in a Strange Way.
In the world of economics, there are often unusual indicators that can provide unique insights into the state of the economy. One such indicator is the "Men's Underwear Index," which was famously associated with former U.S. Federal Reserve Chairman Alan Greenspan.
Greenspan's Unconventional Approach
Greenspan was known for looking beyond the traditional economic reports to gauge the overall health of the economy. He recognized that there were often subtle signals hidden in the everyday shopping habits of consumers. One of the indicators he closely followed was the sales of men's underwear.
The Rationale Behind the Index
The underlying logic behind the Men's Underwear Index is quite simple. During times of economic hardship, men tend to prioritize the needs of their families over their own. As a result, they may be more inclined to wear their old, worn-out underwear rather than purchasing new ones. However, when the economy starts to recover, men may feel more comfortable indulging in the simple pleasure of buying new underwear.
A Whimsical Perspective on Economic Trends
While the Men's Underwear Index may not be as prominent as official economic reports, it offers a unique and entertaining way to look at the ebbs and flows of the economy. It reminds us that there are often unconventional indicators that can provide a more nuanced understanding of economic conditions.
The Takeaway
The Men's Underwear Index is a lighthearted example of how we can find joy and insight in the unexpected. It encourages us to look beyond the traditional data and explore the hidden narratives that can be found in the everyday lives of people. After all, who knows – the next time you go shopping for a new pair of underwear, it might just be a sign that the economy is on the mend.
#EconomicIndicators #MensUnderwearIndex #AlanGreenspan #EconomicInsights #FinancialHealth
Greenspan's Unconventional Approach
Greenspan was known for looking beyond the traditional economic reports to gauge the overall health of the economy. He recognized that there were often subtle signals hidden in the everyday shopping habits of consumers. One of the indicators he closely followed was the sales of men's underwear.
The Rationale Behind the Index
The underlying logic behind the Men's Underwear Index is quite simple. During times of economic hardship, men tend to prioritize the needs of their families over their own. As a result, they may be more inclined to wear their old, worn-out underwear rather than purchasing new ones. However, when the economy starts to recover, men may feel more comfortable indulging in the simple pleasure of buying new underwear.
A Whimsical Perspective on Economic Trends
While the Men's Underwear Index may not be as prominent as official economic reports, it offers a unique and entertaining way to look at the ebbs and flows of the economy. It reminds us that there are often unconventional indicators that can provide a more nuanced understanding of economic conditions.
The Takeaway
The Men's Underwear Index is a lighthearted example of how we can find joy and insight in the unexpected. It encourages us to look beyond the traditional data and explore the hidden narratives that can be found in the everyday lives of people. After all, who knows – the next time you go shopping for a new pair of underwear, it might just be a sign that the economy is on the mend.
#EconomicIndicators #MensUnderwearIndex #AlanGreenspan #EconomicInsights #FinancialHealth
