NY Fed's GDP Nowcast unchanged at 1.9% for Q3

According to the Federal Reserve Bank of New York's latest Nowcasting Report published on Friday, the United States' (US) economy is expected to expand by 1.9% in the third quarter of the year and 0.9% in the last quarter.

"News from this week's data releases left the nowcast for 2019:Q3 broadly unchanged and decreased the nowcast for 2019:Q4 by 0.1 percentage point," the NY Fed said in its publication. "Negative surprises from manufacturing data accounted for most of the decrease for 2019:Q4."

Oct 25, 2019

Gold rises toward $1520, hits three-week highs

Gold continues to rise, extending weekly gains on Friday. Price peaked after the beginning of the American session at $1,517.99/oz, the highest since

Fed is expected to cut rates for a third time on 30 October - ABN AMRO

Previewing next week's critical Federal Open Market Committee (FOMC) meeting, "the US Fed is expected to cut rates for a third time at their policy me