Real GDP for 3Q23 came in 1.3% above our forecast average. Personal Consumption Expenditures for Household Services fueled much of the growth, followed by consumers buying goods,...
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Real GDP for 3Q23 came in 1.3% above our forecast average. Personal Consumption Expenditures for Household Services fueled much of the growth, followed by consumers buying goods,...
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News From the President's Desk
The headline demanded attention: “Inflation Coming In Hot” with a follow-on sentence about the “largest monthly increase since January” (bold in the original). All in all, the article is...
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Indications of a labor market less skewed to the employee’s favor and more to the employer’s are appearing:
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We anticipate that inflation – as measured by the US Bureau of Labor Statistics’ Consumer Price Index quarterly rate-of-change – will reach a cyclical low in the latter half of 2024.
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As we approach the upcoming US industrial sector recession that we are projecting to take hold in the coming months and persist into late 2024, many companies will find it to their...
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Our clients and audiences generally trust our forecast for a recession in the US industrial sector beginning in the second half of 2023 and GDP weakness next year. However, some have...
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