House panel tees up vote on revised FISA reauthorization
The House Rules Committee advanced a bill reauthorizing warrantless U.S. surveillance powers late Thursday night, sending it to the floor a day after a group of Republicans blocked consideration of an earlier bill. The Committee voted 8-4 to adopt the rules governing bill consideration as a measure to reauthorize Section 702 of the Foreign Intelligence […]
Final fourth quarter GDP revised upwards as consumer spending rises
Increased consumer spending boosted U.S. economic growth in the fourth quarter. (iStock) Third and final estimate of real gross domestic product (GDP). 4th quarter of 2023 The Bureau of Economic Analysis (BEA) showed the U.S. economy grew at an annual rate of 3.4%, which was revised upward. The figure was slightly higher than BEA’s second […]
Blow for Sunak as revised figures confirm UK did go into recession last year | Recession
Official figures have confirmed that the UK economy entered recession at the end of last year, after the latest estimates showed it contracted in the last two quarters of 2023. In a blow to the government’s economic situation, the Office for National Statistics (ONS) announced that the economy, as measured by gross domestic product (GDP), […]
Q4 GDP revised down slightly – here’s what that means for interest rates
The second forecast for fourth-quarter gross domestic product (GDP) was relatively flat in this week’s second round of statistics. (iStock) of Secondary estimate According to the U.S. Bureau of Economic Analysis (BEA), real gross domestic product (GDP) for the fourth quarter of 2023 has been revised downward slightly, in part because private inventory investment was […]
The Real Story Behind the Revised GDP Numbers
No room for reduction in Fed’s revised GDP value The pace of economic growth in the third quarter may not have been as fast as initially expected, but nuances in the data cast doubt on premature predictions that the Federal Reserve will cut rates aggressively in the near term. reveals important insights. of Secondary estimates […]
US fourth-quarter economic growth revised slightly lower
‘Kudlow’ panelists Steve Forbes and Sandra Smith discuss preserving the US dollar. The government acknowledged Wednesday that the U.S. economy grew solidly in the fourth quarter on the back of strong consumer spending, but appeared to have slowed slightly early in the year. The Bureau of Economic Analysis of the Department of Commerce has released […]