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Q3 GDP Forecasts: Around 1.5% to 2.0%

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Q3 GDP Forecasts: Around 1.5% to 2.0%

From Merrill Lynch: 3Q and 2Q GDP tracking remain at 2.0% qoq saar. emphasis added From Goldman Sachs: Following this morning’s data, we boosted our Q3 GDP tracking estimate by one tenth to +2.0% (qoq ar). From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands...
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Q2 GDP Forecasts: Around 1.5%

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Q2 GDP Forecasts: Around 1.5%

From Goldman Sachs: The May core PCE price index increased 0.19% month-over-month, close to expectations, but the year-over-year exceeded consensus by a tenth reflecting the price revisions in yesterday’s GDP report. Personal spending increased by 0.4% and was revised higher in April, and the personal saving rate remained flat at 6.1%. We left our...
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Mortgage applications bounce around final two weeks of 2010

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Mortgage applications bounce around final two weeks of 2010

The volume of mortgage applications increased the final week of 2010 after dropping to the lowest point in a year the prior week. The Mortgage Bankers Association said its market composite index rose 2.3% for the week ended Dec. 31 following a 3.9% decline the week ended Dec. 24. The results for both weeks...
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