Archive for June 26th, 2014

New Overnight Developments Abroad - Daily Update

Aftermath of U.S. GDP Shocker

June 26, 2014

Markets continue to ponder the implications of yesterday’s announced revision in U.S. GDP last quarter to a contraction of 2.9% from previous estimates of -1.0% made in May and +0.1% made in April. ¬†After such a weak start to 2014, GDP will not expand as much as presumed previously in full-2014. ¬†Slack in the U.S. […] More