Halister News

(Bloomberg) -- Gross domestic product seen at revised +3.3% in 3Q vs prior +3.2% (forecast range +2.8% to +3.5%); data track value of all goods and services produced in U.S.

• “The economy is accelerating relative to an extremely weak 1H, but only at a moderate pace. Current quarter growth is likely to be more than a full percentage point lower": Bloomberg Intelligence
• Initial jobless claims seen at 257k in week ended Dec. 17 vs 254k prior week (forecast range 249k to 275k); represents inflow of workers receiving benefits.
• Factory orders for durable goods seen falling 4.8% in Nov. after rising 4.6% in Oct. (forecast range -7.5% to +0.5%); based on value of orders received for goods manufactured to last 3 or more years