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We expect to learn today that the economy expanded at a 2.1% annualized rate in the fourth quarter, slowing from 3.4% in the third.
India's National Democratic Alliance, led by Prime Minister Narendra Modi's Bharatiya Janata Party,
Today brings a wave of data, some brought forward because of Thanksgiving. We are most interested in the durable goods orders report for October, which we expect will show the upward trend in core capital goods orders continues.
We already know that the key labor market numbers in today's May NFIB survey are strong.
A quick rebound in growth, after the slowdown to a reported 2.6% in the fourth quarter, is unlikely.
Chief U.S. Economist Ian Shepherdson discussing Durable Goods Orders in May
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