Deeper Analysis
U.S. First Quarter GDP Growth Revised Lower
May 30, 2024
U.S. growth decelerated slightly more sharply last quarter to 1.3% at a seasonally adjusted annualized pace (SAAR). The earlier estimate had been 1.6% versus 3.4% in the prior quarter 4.9% last summer and 2.5% in calendar 2023. A 2.0% advance in personal consumption, revised down from 2.5% estimated earlier, was the predominant dynamic behind the […] More
New Overnight Developments Abroad - Daily Update
Equities Giving Back Further Ground
May 30, 2024
3-1/2 hours prior to Thursday’s open and 2.5 hours before the release of revised U.S. GDP, weekly unemployment claims and an early glimpse of the merchandise trade deficit, U.S. stock futures were down 0.4% in the case of the SPX and Nasdaq and an even greater 0.9% in the DOW. Asian share prices had tumbled […] More
