The economy grew at a 2.9 percent annual rate to end 2017, the Bureau of Economic Analysis reported Wednesday in its final update to its estimate of Gross Domestic Product. That figure was revised up from 2.5 percent in the second estimate of GDP, thanks to better consumer spending and higher business investment in inventories […]
Goldman, Atlanta Fed Slash Q1 GDP Forecasts Below 2.0%…
Latest forecast: 1.9 percent — March 14, 2018 – The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 1.9 percent on March 14, down from 2.5 percent on March 9. After yesterday’s Consumer Price Index release from the U.S. Bureau of Labor Statistics and this […]
Dow Drops 420 Points after Trump Announces Steel Tariffs…
Stocks plunged Thursday after President Trump announced plans to slap tariffs on steel and aluminum imports. The Dow closed more than 420 points down after the announcement. Trump said the tariffs will level the playing field for American companies and help them expand after plant closings in recent years. Trump made the dramatic announcement after […]
Our Trade Imbalance Is Absolutely Killing Our Quarterly & Annual GDP Rates…
Another Slap in the Face When BEA Updated 4th Q GDP…
Did Bureau of Economic Analysis Sandbag Report on 4th Qtr U.S. GDP ?….
The U.S. Fourth Quarter GDP growth was reported two days ago at 2.6% and that stunned everyone who were expecting a much higher number. All U.S. economic indicators including U.S. Holiday consumer spending, which accounts for around two-thirds of total GDP, were off the charts in the fourth quarter growing +5.5% over the prior holiday. […]
U.S. GDP Annual Rate Increases to 2.6 Percent…
Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2017 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent. The Bureau emphasized that the fourth-quarter advance estimate released today is based on […]
Amended Tax Cuts and Jobs Act Would Lift GDP by 1.7%, Wages by 1.5%, Add 339,000 Jobs to Economy…
The newly amended Tax Cuts and Jobs Act is projected to lift gross domestic product by 1.7 percent, boost wages by 1.5 percent, and add 339,000 full-time jobs to the economy, according to an analysis from the Tax Foundation. The final compromised legislation, which will be voted on later this week, includes some slight changes […]
GDP Exceeds Expectations, Grows 3 Percent in Third Quarter…
U.S. gross domestic product rose by an annual rate of 3.0 percent in the third quarter of 2017, a higher-than-expected rate in the wake of hurricanes that hit Florida, Texas and Puerto Rico. Analysts were expecting a 2.5 percent increase, and even President Trump was expecting growth under 3 percent because of the storms. The […]
Dollar Dipsy-Doodle – A Brief Ray of Light…
There are three ledgers that are kept for us in God’s economy: kindness, compassion, and love. Janet made hawkish noises to go along with the 25 bp interest rate increase today. I don’t think they will be raising rates much more this year, if the economy is doing as badly as the data and the […]