Today, the second reading of Q3 GDP growth was released. Analysts at Wells Fargo, point out that GDP growth was unrevised at a healthy pace of 3.5% and noted upward revisions to investment spending and inventories were offset by drags elsewhere. Key Quotes: “Q3 GDP growth was unrevised at a healthy pace of 3.5%, but the release included a few notable revisions. Consumer spending was revised lower to a 3.6% pace from 4.0% initially, but declines here were balanced by modest upward revisions to investment spending. The volatile trade environment was also evident in the revisions, with a larger build in inventories being offset by a greater drag from net exports.” “Corporate profits continued their ascent in Q3, with before tax profits rising 10.3% compared to a year ago-the fastest pace since 2012.” “Given slower global growth and recent dollar strength, foreign profits actually slipped $7.7B in Q3.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold stays directionless below $1220, Fed Chairman Powell speech eyed FX Street 4 years Today, the second reading of Q3 GDP growth was released. Analysts at Wells Fargo, point out that GDP growth was unrevised at a healthy pace of 3.5% and noted upward revisions to investment spending and inventories were offset by drags elsewhere. Key Quotes: "Q3 GDP growth was unrevised at a healthy pace of 3.5%, but the release included a few notable revisions. Consumer spending was revised lower to a 3.6% pace from 4.0% initially, but declines here were balanced by modest upward revisions to investment spending. The volatile trade environment was also evident in the revisions, with a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
