Atlanta Fed GDPNow Q3 tracker rises to 2.7% from 2.5%

The latest Atlanta Fed GDPNow estimate The Atlanta Fed has joined in the chorus that’s boosting Q3 estimates. “The forecast of third-quarter real consumer spending growth increased from 2.2 percent to 2.5 percent after this morning’s retail sales report from the U.S. Census Bureau and this morning’s Consumer Price Index release from the U.S. Bureau…

China Sept M2 money supply yy +9.2% vs 8.9% exp

China’s September money supply lending data published earlier 14 Oct – 8.9% prev – new yuan loans 1.27trln yuan vs 1.1trln exp – end-Sept yuan lending yy +13.1% vs 13.0% exp New lending easily beating expectations as the Chinese govt encourage homeowners and companies in a credit-fuelled economic growth to meet targets.  A risky strategy given the fine…