Updates – Macro Trend

Fourth-quarter GDP increases 2.6%, better than expected

U.S. economic growth was better than expected as 2018 came to a close, with GDP rising 2.6 percent, according to a first estimate the Commerce Department released Thursday.

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Trump raises hopes of trade deal on final day of U.S.-China talks

U.S. President Donald Trump on Sunday raised hopes that the United States and China would settle their trade dispute ahead of a March 1 deadline as negotiators met to wrap up the latest round of talks.

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Goldman sees oil rising toward $70 on resilient demand

Oil prices have struggled to rally above $64 a barrel since last quarter’s sharp pullback, but Goldman Sachs believes crude futures could break out in the coming months.

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US job openings jump to record high of 7.3 million

U.S. employers posted the most open jobs in December in the nearly two decades that records have been kept, evidence that the job market is strong despite several challenges facing the economy.

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Dow drops 350 points to new session low as CNBC reports Trump-Xi meeting unlikely before deadline

Stocks fell sharply on Thursday after CNBC reported that a meeting between President Donald Trump and Chinese President Xi Jinping is unlikely before a key March deadline.

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Payrolls surge by 304,000, smashing estimates despite government shutdown

Job growth in January shattered expectations, with nonfarm payrolls surging by 304,000 despite a partial government shutdown that was the longest in history, the Labor Department reported Friday.

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Fed holds rates stable, pledges ‘patient’ approach

The Federal Reserve opted not to raise interest rates during its policy meeting this week and pledged that future moves will be done patiently and with an eye toward how economic conditions unfold.

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U.S. labor market remains strong, economy slowing

The number of Americans filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labor market as claims for several states including California were estimated.

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China offers 6-year import boost in trade talks with US

China has offered a six-year boost in imports during its ongoing talks with the U.S., officials familiar with the matter told CNBC.

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U.S. manufacturing output posts biggest gain in 10 months

U.S. manufacturing output increased by the most in 10 months in December, boosted by a surge in the production of motor vehicles and a range of other goods, which could allay fears of a sharp slowdown in factory activity.

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