Tradeline Financials - United States Economic News - Week 40, 2014

Sept. 29, 2014 - PRLog -- Tradeline Financials is an independent, diversified financial services firm catering to all types of investors. Our goal is to understand, anticipate and meet our clients' changing financial needs with the vast array of high-quality products and services at our disposal.

Tradeline Financials - United States Economic News - Week 40, 2014

The major US indexes returned to decent gains late last week as data was released that showed the US economy growing at a stronger than predicted rate.

The news moved markets on Friday and pushed them closer towards the record highs they saw just a few weeks ago with all 3 of the major indexes showing roughly 1% gains.

Last month the projected GDP growth was reported at 4.2% and has now been revised to 4.6% annulaised. The increase comes after better than expected reports from both Exports and Business Spending.

Exports increased by 11.1% over the previous quarter and Business Spending saw 9.7% growth over the same period.

These 2 indicators along with an increase in consumer spending of 2.5% have helped solidify the fact that the US economy is expanding far more strongly than previously thought and has the world's largest economy well and truly back on track.

The Federal Reserve is continuing its plan to ease out of it's QE policies and it is expected that their Asset buying program will finish next month as predicted.

Whether rates will increase before the mid October timeframe is still up in the air as the Fed is still seeing some weakness in the employment market yet this too is starting to show signs of recouping too.

All this is after what is one of the worst starts to a year in a very long time and rebounding from a contraction in the first quarter of 2.1% to an expansion of 4.6% in just 6 months shows that the economy is indeed expanding far better than previously forecast.

US Indices as of 29th September 2014:

S&P500 -          1,982.85 +0.86%

Dow Jones -      17,113.15 +0.99%

NASDAQ -         4,512.19 +1.02%

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Tradeline Financials. All market data within this release is for your general information and enjoys indicative status only. Tradeline Financials does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.