Economic Outlook – July 2017

July 11, 2017 Economic Outlook
Positive Economic Trend Graph

Hope for enactment of the Republican led health care reform bill was dampened as the Senate vote was postponed to July 10th. Since the election, stock markets in the U.S. have rallied as investors have responded to President Trump’s campaign promises of economic stimulus, tax reform and regulatory relief. Investors will increasingly look toward the 2018 […]

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Economic Outlook – June 2017

June 13, 2017 Economic Outlook
Positive Economic Trend Graph

The U.S. economy grew at a faster pace in the first quarter (Q1) than previously reported. The Commerce Department stated that the second revision for Q1 GDP came in at an annual rate of 1.2%, up from 0.7% in the advance estimate. Growth of consumer spending remained modest but was revised up slightly. An already strong business […]

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Economic Outlook – May 2017

May 8, 2017 Economic Outlook
Positive Economic Trend Graph

The U.S. Department of Commerce reported a lower than expected first quarter real gross domestic product (GDP) annual growth rate of 0.7% in its advanced estimate, the lowest in three years. Economists had expected a growth rate of 1.0% according to Bloomberg. The growth rate was dragged down by excess inventories and net imports. Auto sales were […]

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Economic Outlook – April 2017

April 11, 2017 Economic Outlook
Positive Economic Trend Graph

The Federal Reserve raised the target range for its federal funds by 25 basis points to 0.75% – 1% at its March meeting, reflecting increased confidence in the strength of the economy. The decision was in line with market expectations as the labor market strengthened and economic activity continued to expand at a moderate pace. […]

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Economic Outlook – March 2017

March 7, 2017 Economic Outlook
Positive Economic Trend Graph

Economic data continues to surprise to the upside. Manufacturing activity in February grew at its fastest pace in 30 months. The ISM Manufacturing index came in better than expected at 57.7, its highest level since August of 2014. Business and consumer confidence surveys continued to trend higher, and unemployment claims reached the lowest levels since March […]

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Economic Outlook – February 2017

February 21, 2017 Economic Outlook
Positive Economic Trend Graph

U.S. Gross Domestic Product (GDP) grew at an annual rate of 1.9% in the fourth quarter (Q4) of 2016. The reading trailed estimates for 2.2% growth and followed a 3.5% increase in GDP in the third quarter. For all of 2016, GDP growth was 1.6% as the second half strength made up for a weak first […]

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Economic Outlook – January 2017

January 11, 2017 Economic Outlook
Positive Economic Trend Graph

The Fed on December 15 raised its key short-term rate by 0.25% to a range of 0.5% to 0.75%. The Federal Reserve’s new “dot plot” is signaling three increases in interest rates in 2017 versus two under the prior estimate. The dot plot is used by Fed policymakers to mark their forecasts for interest rates over […]

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Economic Outlook – December 2016

December 8, 2016 Economic Outlook
Positive Economic Trend Graph

Donald J. Trump was elected the 45th President of the United States and the Republicans gained a full majority in Congress. Since the election, stock markets in the U.S. have rallied as investors have responded to President–elect Trump’s campaign promises of economic stimulus, tax reform and regulatory relief. Interest rates have also risen since the election […]

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Economic Outlook – November 2016

November 17, 2016 Economic Outlook
Positive Economic Trend Graph

The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.2% in September to 124.4 (2010 = 100), following a 0.2% decline in August, and a 0.5% increase in July. The September increase, reversing the August decline together with the Q3-2016 pickup in GDP growth rate suggests the economy should continue expanding moderately through the […]

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Economic Outlook – October 2016

October 11, 2016 Economic Outlook
Positive Economic Trend Graph

The U.S. economy grew at a faster pace in the second quarter than previously reported. The second revision for Q2 U.S. GDP came in at 1.4%, up from 1.1% on the first revision, as business spending on equipment was stronger than previously reported. In Q1, GDP increased by 0.8%. The Atlanta Fed’s forecast for Q3 GDP […]

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