Barclays raises its forecast for US fourth-quarter GDP growth.
PANews reported on December 24th that, according to Jinshi, Barclays economists stated in a research report that the Federal Reserve is likely to view the unexpected acceleration in US GDP in the third quarter as a signal that underlying demand remains strong. While volatile components such as net exports may exaggerate the overall growth momentum, the continued expansion of consumer spending still demonstrates fundamental resilience. Economists pointed out that although economic performance may fluctuate in the first half of 2025, aggregate demand has accumulated significant momentum by the end of the year. Based on this, Barclays slightly raised its forecast for fourth-quarter GDP year-on-year growth by about 0.3 percentage points to 2.0%.
You May Also Like
Fed Chair Powell says FOMC is divided on additional rate cuts in 2025
Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus. US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more
Institutions: The core of the current gold price trend lies in the renewed constraint that rising energy prices are placing on interest rate expectations.
