Economic Outlook – April 2018

April 13, 2018 Economic Outlook
Positive Economic Trend Graph

The U.S. economy grew at a faster pace in the fourth quarter (Q4) than previously reported. The Commerce Department stated that the third revision for Q4 real GDP came in at an annual rate of 2.9%, up from 2.5% in the previous estimate. Upward adjustments to personal consumption expenditures and private inventory investment were the primary drivers. […]

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Economic Outlook – March 2018

March 12, 2018 Economic Outlook
Positive Economic Trend Graph

Jerome Powell was sworn in as the 16th chairman of the Federal Reserve on Monday, February 5. He was greeted with a 1,100 point drop in the Dow Jones Industrial average on his first day; the market’s reaction to news of greater than expected wage inflation data. It isn’t clear yet how Chairman Powell will run the Federal […]

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Economic Outlook – February 2018

February 9, 2018 Economic Outlook
Positive Economic Trend Graph

U.S. GDP growth in Q4 fell shy of expectations, coming in at +2.6% (vs. expectations of +3%). Inventories and trade were larger drags than anticipated. The pace of global economic growth remains robust, however, and global forecasts have been moving higher. The Atlanta Fed’s initial forecast for Q1 2018 GDP growth is now at 5.4%. Expectations […]

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Economic Outlook – January 2018

January 10, 2018 Economic Outlook
Positive Economic Trend Graph

The U.S. economy has maintained steady growth and the outlook remains positive. Third quarter gross domestic product (GDP) growth was 3.2%, its fastest pace in more than two years and the first time since 2014 that the economy experienced growth of 3% or more for two consecutive quarters. Estimates for 2018 call for GDP growth […]

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Economic Outlook – December 2017

December 11, 2017 Economic Outlook
Positive Economic Trend Graph

The U.S. economy’s pace of growth in the third quarter was raised to 3.3% from 3% under the government’s latest revision to gross domestic product. The government’s advanced report on wholesale inventories showed a 0.4% decline in October, while retail inventories slipped 0.1%. This trend indicates rising consumption. The U.S. exported far less food and […]

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Economic Outlook – November 2017

November 8, 2017 Economic Outlook
Positive Economic Trend Graph

U.S. Gross Domestic Product (GDP) grew at an annualized rate of 3.0% in the third quarter (Q3) of 2017. In Q3, hurricanes in various regions of the U.S. hurt economic activity, but that impact was offset by overall increases in consumer and business spending. Q3 GDP growth was further helped by increased demand for U.S. goods […]

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Economic Outlook – October 2017

October 6, 2017 Economic Outlook
Positive Economic Trend Graph

GDP growth has been fairly robust. According to the Commerce Department, the economy grew at the fastest rate in two years during the second quarter when the GDP growth rate increased to +3.1%. The Atlanta Fed GDPNow model forecast third quarter growth would be even higher. The model forecast is real-time, updating to reflect each major […]

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Economic Outlook – September 2017

September 13, 2017 Economic Outlook
Positive Economic Trend Graph

The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.3% in July to 128.3 (2010 = 100), following a 0.6% increase in June, and a 0.3% increase in May. This upward trend suggests the U.S. economy is likely to experience further improvement in economic activity in the second half of the year. Specifically we […]

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Economic Outlook – August 2017

August 8, 2017 Economic Outlook
Positive Economic Trend Graph

The U.S. economy picked up speed in the second quarter after a slow start to the year. The preliminary estimate for Q2 GDP growth came in at 2.6%, more than double the first quarter’s 1.2% increase. Healthy consumer spending, especially on clothing and furniture, was the most important driver of GDP improvement. Solid business investment was […]

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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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