On Wednesday, the U.S. Bureau of Economic Analysis will release its advance estimate for third-quarter GDP growth. Analysts and economists are predicting a strong performance, with consensus estimates set at 3% growth quarter-over-quarter annualized, reflecting resilient consumer spending and robust activity in the services sector. The latest projection from the Atlanta Fed's GDPNow model puts growth even higher at 3.3%,...

(Reuters) - Federal Reserve policymakers are nearly certain to deliver a quarter-point reduction in short-term borrowing costs next week, traders bet on Tuesday, as a U.S. Labor Department report showed job openings dropped last month to their lowest since January 2021. Analysts also took the report as confirmation that the U.S. central bank is on track for rate cuts at...

WASHINGTON (Reuters) - U.S. consumer confidence increased to a nine-month high in October amid improved perceptions of the labor market. The Conference Board said on Tuesday its consumer confidence index rose to 108.7 this month from a upwardly revised 99.2 in September. Economists polled by Reuters had forecast the index climbing to 99.5 from the previously reported 98.7. Consumer confidence...

10:37 AM EDT, 10/29/2024 (MT Newswires) -- The Dallas Federal Reserve's monthly general business services index rebounded to a reading of 2.0 in October from minus 2.6 in September, indicating a return to expansion. The index is in line with the Philadelphia Fed, Kansas City, Richmond Fed and the S&P Global flash indexes but in contrast with the New York...