US growth topping China as megacaps report

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US growth topping China as megacaps report
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The two biggest economies in the world are both beating forecasts but U.S. economic growth looks to have leapfrogged China's expansion, in a somewhat...

The two biggest economies in the world are both beating forecasts but U.S. economic growth looks to have leapfrogged China's expansion, in a somewhat alarming development for Federal Reserve watchers and bond markets.

U.S. housing starts are next on the slate on Wednesday as U.S. megacaps Tesla and Netflix weigh in with third quarter earnings and the country's big banks continue to register impressive beats. U.S. Fed futures have returned to pricing more than a 50% chance the central bank will lift interest rates again by January, leaving markets watching a diary full of senior Fed officials for guidance on Wednesday - culminating in a keynote speech from Fed boss Jerome Powell tomorrow.And with a 20-year Treasury bond auction also due later in the day, bond markets are back running scared. Two-year Treasury yields hit their highest since 2006 on Tuesday at 5.

Right-wing Republican Jim Jordan on Tuesday sought more time to build support for his bid for the speaker's role after coming up short in a first vote, raising questions about his prospects for winning the job.* U.S.

Trump fraud judge cracks 'what's sauce for the goose...' joke in response to complaint about Michael Cohen's anti-Trump tweets

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