This week saw a slew of economic news stories dominating markets. Billionaire Bill Ackman’s prediction of a forthcoming Federal Reserve rate cut headlining forward momentum. Gold prices, meanwhile, floated near all-time highs before eking upwards to increase investor enthusiasm. Q3 2021 US GDP growth outgrew initial predictions to hit the strongest expansion since Q4 2020 – bolstering consumer sentiment alike. But some central-bank-related woes consequently arose: Jerome Powell stressing a cautious attitude towards inflation, and warnings of a revenue shortfall likely also majorly affecting US Treasury and currency performance. Throughout all of these developments, investors continued to track perspectives stirred by news headlines, and future growth angles being watched with heavy focus soon have been set to decide key narratives.
