Real GDP grew at a moderate 2.6 percent annual rate in the third quarter. That was higher than the pre-report consensus expectations of 2.3 percent. The drivers of the report do not lead to much confidence of further expansion.
The U.S. Bureau of Economic Analysis summed up the GDP report as follows: The upturn primarily reflected a smaller decrease in private inventory investment, an acceleration in nonresidential fixed investment, and an upturn in federal government spending that were partly offset by a larger decrease in residential fixed investment and a deceleration in consumer spending. Imports turned down. The basic GDP calculation is as follows: GDP = Consumption + Investment + Government Spending...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
