Fx Primus Rebates

Atlanta Fed GDPNow remains at 4.4% in their current estimate

Still showing strong growth The Atlanta Fed’s GDPNow estimate for the 3Q growth remains at 4.4%. IN their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2018 is  on September 19, unchanged from September 14. After this morning’s new residential construction release from the U.S.…

Fx Primus Rebates

Draghi talks EU spending

Draghi in Berlin There were no comments on the outlook or monetary policy so far from Draghi in Berlin. He’s talking about the EU fiscal instrument and says that it should be large enough to restore full confidence and stability but should be designed properly to avoid moral hazard.