International Trade March 2023
The trade deficit in goods and services came in at $64.2 billion in March, larger than the consensus expected $63.1 […]
The trade deficit in goods and services came in at $64.2 billion in March, larger than the consensus expected $63.1 […]
The Fed raised short-term interest rates by another quarter percentage point today to a range of 5.00 – 5.25%, just […]
The ISM Non-Manufacturing index increased to 51.9 in April, narrowly beating the consensus expected 51.8. (Levels above 50 signal expansion; […]
The ISM Manufacturing Index increased to 47.1 in April, beating the consensus expected 46.8. (Levels higher than 50 signal expansion; […]
For nine of the last fifteen years, few people thought about the Fed. Sure, we discussed QT and QE, but […]
Personal income rose 0.3% in March, beating the consensus expected +0.2%. Personal consumption was unchanged in March (-0.1% including revisions […]
Real GDP increased at a 1.1% annual rate in Q1, lagging the consensus expected 1.9%. The largest positive contribution to […]
New orders for durable goods rose 3.2% in March (+3.0% including revisions to prior months), easily beating the consensus expected […]
New single-family home sales increased 9.6% in March to a 0.683 million annual rate, easily beating the consensus expected 0.632 […]
In spite of weakness in some economic data, problems in the banking sector, and much higher interest rates, real GDP […]
Existing home sales declined 2.4% in March to a 4.440 million annual rate, lagging the consensus expected 4.500 million. Sales […]
Housing starts declined 0.8% in March to a 1.420 million annual rate, beating the consensus expected 1.400 million. Starts are […]
The US economy is being tugged in two different directions right now. On the positive side we have the lingering […]
