Goldman highlights downside risk to its Q4 U.S. GDP estimate of 3.0%. Cites larger-than-expected contribution from defense spending in Q3.
Uh oh. German inflation falls to 0.7% y/y in Oct, -0.3% m/m, both below forecasts. Could unruffle a few ECB feathers.
US economy grew 3.5% in Q3, first estimate shows. Well above 3% expected.
ECB stress tests apparently restored faith in banks but someone forgot to tell investors. EZ banks -10% in Oct, worst month since June 2013
LONDON (Reuters) – The dollar surged to a three-week high, bond yields rose and gold fell on Thursday after the U.S. Federal Reserve ended its six-year quantitative easing bond-buying program.
The decision was widely expected, but a relatively hawkish tone to the accompanying statement was not. It prompted financial markets to rethink the growing consensus that the Fed’s first interest rate hike would be late in 2015.