It is official. GDP (adjusted for inflation) met the definition of a recession when it declined for a second consecutive quarter based on the 2Q22 advanced release. What this means is now...
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It is official. GDP (adjusted for inflation) met the definition of a recession when it declined for a second consecutive quarter based on the 2Q22 advanced release. What this means is now...
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The Fed raised the fed funds rate by 75 basis points (bps) on July 27. The Fed had said they were going to do it. We were hoping they would change their collective mind based on several...
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From the President's Desk Internal Forecasting
Using “market trends” is my way of drawing attention to the exact opposite – specifically, that many markets are behaving differently than our macro trends. Nevertheless, ITR Economics’...
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Our analysis of the latest data is that North America Light Vehicle Production established a low in March. Seasonal rise and cyclical improvement are underway. North American manufacturers...
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The June CPI result reflected a 9.1% year-over-year rate of inflation. The number immediately garnered a lot of attention and understandably so. It was the highest rate experienced in the...
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Consumers benefited from mounds of cash pushed their way by government stimulation during the pandemic. The financial windfall fueled an incredible surge in Retail Sales and contributed to...
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