Atlanta Fed: US GDPNow estimate for Q4-2018 drops to 1.5% from 2.7%

"The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2018 is 1.5 percent on February 14, down from 2.7 percent on February 6," the Federal Reserve Bank of Atlanta reported on Thursday.

"After this morning's retail sales and retail inventories releases from the U.S. Census Bureau, the nowcast of fourth-quarter real personal consumption expenditures growth fell from 3.7 percent to 2.6 percent, and the nowcast of the contribution of inventory investment to fourth-quarter real GDP growth fell from -0.27 percentage points to -0.55 percentage points.

Feb 14, 2019

Ireland's Coveney: Incredible that British parliament has 'let it come to this'

Irish foreign minister, Simon Coveney, has recently crossed the wires arguing that it is factually not true to say that the EU needs a deal as much as

USD/JPY finds support at 110.50 and rebounds, but still looks under pressure

Weaker-than-expected US data triggered a decline of the US dollar across the board and a rally in bonds. The USD/JPY tumbled to 110.50, erasing yester