Richard Clarida, former Vice Chairman of the Federal Reserve and Global Economic Advisor to Pacific Investment Management (PIMCO), stated on Thursday that in the context of a resilient US economy, the Federal Reserve may have to further raise interest rates to combat stubborn inflation. Since the summer, the progress in fighting inflation has been stagnant, and we have not seen a weak labor market, "Clarida said at an investment conference. However, he also emph ... 阅读全文

The rapid growth of consumer spending in the United States has become the main contributor to GDP in the third quarter. Positive growth in private inventory investment, residential fixed investment, and government spending is also one of the reasons for the high quarter on quarter GDP growth. Looking ahead, there is a risk of weakening consumer support, limited sustainability of residential investment, and further observation of corporate investment momentum. It ... 阅读全文

Richard Clarida, former Vice Chairman of the Federal Reserve and Global Economic Advisor to Pacific Investment Management (PIMCO), stated on Thursday that in the context of a resilient US economy, the Federal Reserve may have to further raise interest rates to combat stubborn inflation. Since the summer, the progress in fighting inflation has been stagnant, and we have not seen a weak labor market, "Clarida said at an investment conference. However, he also emph ... 阅读全文

Nobel laureate in economics and former Chief Economist of the World Bank, Paul Romer, believes that after the US economy accelerated growth and inflation continued to slow down last quarter, the Federal Reserve should start cutting interest rates. He said in an interview, "Raising interest rates at this time is crazy. I think they should start cutting interest rates and explain to people that we will reach the 2% target within one year, and we need to be prepared ... 阅读全文

There are four markets in China's foreign trade, namely Russia, Europe, the United States, and Southeast Asia. In China's foreign trade market, Russia's position has begun to rise. In response, Vladimir Zakharov, a Russian diplomat and lecturer at the National Research University of Economics, stated that Russia China trade is currently at its peak, with an annual trade volume approaching 200 billion US dollars, while the trade volume between China and the United ... 阅读全文

According to data released by the US Department of Commerce's Bureau of Economic Analysis on Thursday, the initial reading of the US gross domestic product (GDP) for the third quarter was 4.9%, a new high since the fourth quarter of 2021. The expected market growth rate is 4.7%, with a previous value of 2.1%. Despite facing high interest rates, inflationary pressures, and other factors, the US economy continued to grow faster than expected in the third quarter an ... 阅读全文

Prior to the US stock market on Thursday (October 26th), the latest data released by the US Department of Commerce's Bureau of Economic Analysis showed that the US economy grew faster than market expectations in the third quarter. Specific data shows that the initial estimated real gross domestic product (GDP) of the United States in the third quarter increased by 4.9% year-on-year (YoY), which is more than twice the 2.1% in the second quarter and the highest lev ... 阅读全文

On October 26th, the Ukrainian State News Agency reported that the Ukrainian State Bank stated that the Ukrainian State Budget Bureau has raised Ukraine's real gross domestic product (GDP) growth forecast for 2023 from 2.9% to 4.9%, mainly due to improved consumption by businesses and households, as well as the expansion of alternative export routes and increased budget expenditures. (Reporter Dong Wei from the headquarters) (Source: CCTV News)

On Thursday local time, the European Central Bank released its latest interest rate resolution, announcing that the three major interest rates would remain unchanged, in line with market expectations, and suspending interest rate hikes for the first time since July 2022, after a cumulative increase of 450 basis points. At previous meetings, the European Central Bank had strongly hinted that interest rates had peaked, so the market had digested the news of suspend ... 阅读全文

Prior to the US stock market on Thursday (October 26th), the latest data released by the US Department of Commerce's Bureau of Economic Analysis showed that the US economy grew faster than market expectations in the third quarter. Specific data shows that the initial estimated real gross domestic product (GDP) of the United States in the third quarter increased by 4.9% year-on-year (YoY), which is more than twice the 2.1% in the second quarter and the highest lev ... 阅读全文

① Resolution result: The European Central Bank maintains its three major interest rates unchanged and remains at historical highs. Previously, the European Central Bank had raised interest rates 10 times in a row, with a cumulative increase of 450 basis points Regarding forward-looking guidance: European Central Bank President Lagarde stated that this is not the time to provide forward-looking guidance; It's too early to discuss interest rate cuts Regarding the ... 阅读全文

The number of initial claims for unemployment benefits in the United States increased slightly last week, but it is still at a historic low. This indicates that the labor market continues to perform strongly against the backdrop of high interest rates and stubborn inflation. According to data released by the US Department of Labor on Thursday, the number of initial claims for unemployment benefits in the United States for the week ending October 21 was 210000, hi ... 阅读全文

On Thursday local time, the European Central Bank released its latest interest rate resolution, announcing that the three major interest rates would remain unchanged, in line with market expectations, and suspending interest rate hikes for the first time since July 2022, after a cumulative increase of 450 basis points. At previous meetings, the European Central Bank had strongly hinted that interest rates had peaked, so the market had digested the news of suspend ... 阅读全文

On the evening of October 26th, the Bureau of Economic Analysis (BEA) of the US Department of Commerce released US GDP data for the third quarter, with a month on month annualized rate of 4.9%, which is much higher than the previous two quarters. It is surprising that the US economic data can still perform so well despite the Federal Reserve's cumulative interest rate hike of 525 basis points. This is also the reason why the market suspects that the US authoritie ... 阅读全文

The US economy grew at its fastest pace in nearly two years in the third quarter, as the tight labor market led to wage increases, helping to boost consumer spending. The US economy has once again ignored the lingering warning of economic recession since 2022. According to data from the US Department of Commerce, the quarterly GDP rate in the third quarter of the United States was 4.9%, the fastest growth rate since the fourth quarter of 2021. Although this stron ... 阅读全文

Thanks to the surge in consumer spending, the US economy achieved a new two-year high in growth in the previous quarter. According to preliminary data released by the government on Thursday, the annualized growth rate of US GDP has accelerated to 4.9%, more than double the previous quarter. The main growth engine of the economy, namely personal consumption expenditure, increased by 4%, which is also the highest level since 2021. At the same time, the core inflati ... 阅读全文

On October 26th, according to preliminary estimates released by the United States Bureau of Economic Analysis, the real gross domestic product (GDP) of the United States in the third quarter of 2023 grew at a seasonally adjusted annualized rate of 4.9%, compared to the previous value of 2.1%. Image from the official website of the United States Bureau of Economic Analysis Previously, the market expected the US GDP to grow by 4.3% in the third quarter, and predict ... 阅读全文

20: At 32:07, the initial quarterly rate of actual personal consumption expenditure in the third quarter of the United States recorded 4%, setting a new high since the second quarter of 2021.

20: At 30:14, the number of first claims for unemployment benefits in the United States last week was 210000, with an estimated 207000, compared to 198000.

20: At 30:28, the initial quarter on quarter discount rate of US GDP in the third quarter was 4.9%, estimated at 4.5%, and the previous value was 2.1%.