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Economic Data Surprisingly Negative
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johnnyhenderson



Joined: 06 Sep 2017
Posts: 26



PostPosted: Tue Sep 19, 2017 8:29 am    Post subject: Economic Data Surprisingly Negative Reply with quote

US economic data has been coming in drastically below economistsí estimates of late. Last week we noted that the string of weak readings has been extra painful for housing, with a truly weak residential construction report and a slower than expected homebuilder confidence reading. It hasnít been all bad news for US data of course; the Atlanta Fed is currently tracking 2.9% GDP in Q2, while the St. Louis Fed model sees 2.32% and the NY Fed is tracking 1.86%. With trend growth around 2%, none of those are terrible. Relative to estimates, however, the data has been much weaker.
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I didn't find the right solution from the Internet.

References: https://stockaholics.net/threads/stock-market-today-june-26th-30th.4702/

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