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<p>The Atlanta Fed GDPNow model estimate for Q4 growth dipped to 1.2% from 1.3% yesterday. In their own words:</p><blockquote>The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2023 is 1.2 percent on December 7, down from 1.3 percent on December 6 after rounding. After this mor

<p>Bank of Canada's Gravelle speaking after the Bank of Canada's rate decision yesterday where the central bank kept rates unchanged at 5.0%. </p><p> Below are the highlights from his speech where he acknowledged a welcome improvement in October inflation measures but emphasized the need for further progress to achieve p

<p>Bank of Canada's Toni Gravelle will be speaking at 12:50 PM ET. </p><p>The Bank of Canada kept rates unchanged yesterday.</p><p>Highlights from the statement:</p><ul><li>The Bank of Canada maintained its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

<p>The US Federal Reserve is reporting that US household net worth fell to $151 trillion in Q3 2023:</p><ul><li>The net worth of households and nonprofits decreased to $151.0 trillion in the third quarter of 2023.</li><li>The value of corporate equities (directly and indirectly held) fell by $1.7 trillion, </l

<p>The major European indices are closing the day lower. The German DAX snapped a seven-day run to the upside which saw the index move to new all-time highs.</p><ul><li>German DAX: Last at 16,628.98, decreased by 27.47 points, a change of -0.16%.</li><li>France CAC: Last at 7,428.53, decreased by 7.47 points, a c

The decision to pause bank rates was widely expected, given that Canada’s economy is stalled, and inflation has been falling.

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<div aria-hidden="true"></div> <p>The Morning Star pattern is as a shining beacon indicating a potential shift from bearish to bullish market sentiment. This powerful pattern, often spotted at the trough of a downward trend, can alert traders to a possible trend reversal, opening the door for bullish market opportunities

<p> <br /> <br /><img decoding="async" src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMTIvZTMzN2Y1NmYtYWYxMy00NDFhLWJlZTYtNjA0NTlhMjAwMWIzLmpwZw==.jpg" /></p> <div data-v-8081b7b6=""> <p>As Bitcoin (BTC) soared past the

<p> <br /> </p> <div> <div> <img decoding="async" alt="UK's FTSE 100 falters as financials weigh" id="carouselImage" src="https://i-invdn-com.investing.com/trkd-images/LYNXMPEJB6096_L.jpg" style="visibility:hidden" /><br /> <span>© Reuters. A stre