Archive for July 30th, 2020

Deeper Analysis

U.S. Growth in Real GDP and Jobs in the Trump Era

July 30, 2020

Real GDP contracted 32.9% at an annualized rate (AR) last quarter, more than six times faster than during the prior quarter. Personal consumption, which accounts for roughly 70% of U.S. aggregate demand, plunged 34.6% annualized. Non-residential and residential business investment sank by 27.0% and 38.7%, respectively, and exports and imports plummeted 64.1% and 53.4%. These […] More

New Overnight Developments Abroad - Daily Update

Shocked by GDP Data

July 30, 2020

Market attention shifted from the pandemic data trends to the disease’s economic havoc. This development gave the recently weakening dollar a lift as it benefited from safe-haven demand. Overnight dollar advances range from 0.2% against the yen and Swiss franc to 0.3% versus the euro, 0.6% relative to the kiwi, loonie and Aussie dollar and […] More