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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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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