Halister News

(Bloomberg) -- Gross domestic product seen at +2.2% in 4Q vs +3.5% in 3Q (forecast range +1.7% to +2.9%); data track value of all goods and services produced in U.S.

• “Consumer spending, driven by durable goods strength, will remain the major contributor, while residential and inventory investment will support growth. No major input is expected from non-residential fixed investment. Net trade will likely provide a major offset": Bloomberg Intelligence
  • Factory orders for durable goods seen rising 2.5% in Dec. after falling 4.5% in Nov. (forecast range 0% to +7%); based on value of orders received for goods manufactured to last 3 or more years