Economic Updates

Keep up to date on the global economy and its impact on markets.

Equities face skepticism over rates and trade

Equities face skepticism over rates and trade

Q4 2018 | Capital Markets Outlook

Economic strength is offset by trade risk, a flattening yield curve, and weakness in housing and autos

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Trade war and rising rates create headwinds for global economy

Q4 2018 | Fixed Income Outlook

The outlook for global economic growth is easing because of protectionist tariffs, weakness in emerging markets, and rising oil prices.

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Seeking opportunity in uncertainty

Q4 2018 | Equity Outlook

Despite risks of inflation and trade conflicts, opportunities exist for equity investors worldwide.

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Economic Update for December 3, 2018

  • The Bureau of Economic Analysis in its second estimate reported that GDP grew at a rate of 3.5% in the third quarter.
  • The Census Bureau noted, in an advance report, that the trade deficit widened in October.
  • Consumer spending (personal consumption expenditures of PCE) increased 0.6% in October, according to the Bureau of Economic Analysis.
  • Initial jobless claims rose by 10,000 to 234,000 in the week ended November 24, 2018, according to the Labor Department.
  • As of November 20, 2018, of the 482 S&P 500 Index companies reporting third-quarter earnings, 374 — or 77.6% — beat analysts’ estimates, according to S&P Dow Jones Indices.
  • The Conference Board Consumer Confidence Index declined in November.