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67 days ago

Q4 GDP Growth Unrevised at 2.3% Annual Rate

From the BEA: Gross Domestic Product, 4th Quarter and Year 2024 (Second Estimate)
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, N…

70 days ago

February Vehicle Forecast: Sales Increase to 15.9 million SAAR, Up 1.5% YoY

From WardsAuto: February U.S. Light-Vehicle Sales Maintain Growth; Inventory Resumes Gains (pay content).  Brief excerpt:
Sales are recording solid gains, but production slowdowns capping dealer stock…

71 days ago

Housing Starts and Recessions

This morning, Carl Quintanilla posted a graph on Bluesky from BESPOKE suggesting the US is heading towards a recession.

Quintanilla quoted BESPOKE:
“On a 12-month average basis, .. Housing Starts h…

90 days ago

3 months ago

Schedule for Week of February 2, 2025

The key reports scheduled for this week are the January employment report and the December trade deficit​.

Other key indicators include the January ISM manufacturing index and January vehicle sales.

Personal Income increased 0.4% in December; Spending increased 0.7%

The BEA released the Personal Income and Outlays report for December:
Personal income increased $92.0 billion (0.4 percent at a monthly rate) in December, according to estimates released today by th…

BEA: Real GDP increased at 2.3% Annualized Rate in Q4

From the BEA: Gross Domestic Product, 4th Quarter and Year 2024 (Advance Estimate)
Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October…

FOMC Preview: No Change to Policy

Most analysts expect no change to FOMC policy at the meeting this week, keeping the target range at 4 1/4 to 4 1/2 percent.    Market participants currently expect the FOMC to be on hold at the Janua…

January Vehicle Forecast: Sales Decline to 15.6 million SAAR, Up 4% YoY

From WardsAuto: Some Letdown but January U.S. Light-Vehicle Sales Continue Q4-2024's Growth (pay content).  Brief excerpt:
While demand in the middle of the month was negatively impacted by extreme we…

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