Contrastingly, the Eurozone's economic growth forecast for this year was adjusted downward by 0.3%, with no change for 2025. Projections stand at 0.6% for 2024 and 1.3% for 2025.
China's economic outlook anticipates a slowdown to 4.7% in 2024 and 4.2% in 2025. This deceleration is attributed to factors such as low demand, high debt levels, and a weak real estate market. #OECD #GlobalEconomy #USGrowth #EurozoneGrowth #ChinaEconomy #EconomicOutlook

The OECD has revised its global economic growth forecast for this year, increasing it from 2.7% to 2.9%. In the United States, economic growth is expected to be sustained by household spending and robust labor market conditions but is projected to slow to 2.1% in 2024 and further to 1.7% in 2025. #OECD #GlobalEconomy #USGrowth #EurozoneGrowth #ChinaEconomy #EconomicOutlook

A surge in US growth poses challenges for the Fed. The Dollar Index appreciates as market rate cut expectations wane. Surprisingly, US 10-year bond yields fell, standing at 4.09% this morning. #USDAppreciation #FedChallenges #MarketExpectations #RateCut #BondYields #USGrowth

Two more Q4 growth revisions are expected, with the Fed projecting a significant decline. However, recent data indicates sustained high growth. Strong employment, inflation, and growth data surpassing Fed expectations, might lead Powell to shift from a dovish to a hawkish tone at the upcoming Fed rate meeting. #USGrowth #EconomicData #FedProjections #Inflation #Employment #Hawkish #Dovish #FedRateMeeting

Yesterday, preliminary data on US 4th quarter 2024 growth exceeded expectations, reaching 3.3%. The Fed's December projections anticipated 2.6% for 2023 and 1.2% for Q4. #USGrowth #EconomicData #FedProjections #Inflation #Employment #Hawkish #Dovish #FedRateMeeting