This plane has landed safely
[ad_1] The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 2.8% annual rate in the third quarter. That’s
Business Cycle Indicators – GDP and Private NFP
[ad_1] GDP under Bloomberg consensus of 3.0% at 2.8% (GDPNow nails it). ADP private NFP change at 233K vs. Bloomberg consensus at 110K. Figure 1:
Steven Kamin & Benedictus Clements: “The Biden-Harris Macroeconomic Record Is Getting a Bum Rap”
[ad_1] From AEI: …the US economy is indeed performing very well, and this can be seen most readily by comparing its performance with that of
Puerto Rico under Trump | Econbrowser
[ad_1] A reminder. Economic indicators, excess fatalities. Figure 1: EDB of PR Economic Activity Index (black, left scale), nonfarm payroll employment, (blue, right scale), civilian
GDP Nowcasts/Tracking Down: What Does This Mean?
[ad_1] Never just look the headline number. The “why’s” matter. GDPNow down from 3.3% q/q AR to 2.8%, while GS tracking down to 3.2% .
Consumer Confidence Surprises on the Upside
[ad_1] 108.7 vs. 99.5 (Bloomberg consensus). Is positive economic news percolating into surveys? From the Confidence Board today: Figure 1: UMich Consumer Sentiment (blue, left
Consumer Price Levels | Econbrowser
[ad_1] A comparison: Figure 1: CPI (blue), chained CPI (light blue), CPI for wage earners (tan), HICP (red), PCE deflator (teal), PCE deflator – market
McService Job Nation? | Econbrowser
[ad_1] Reader Moonmac argues the case that we are in a recession, in a rejoinder my paper “Recession since 2022? A Critique“: McService Job Nation
Trump 2.0 Tariffs and Wisconsin
[ad_1] Be prepared. It doesn’t look good for Wisconsin (just like Trump 1.0 didn’t but this time there isn’t $18 billion on tap to bail