The Commerce Department announced that the U.S. economy grew 2.3% year over year in the first quarter (based on gross domestic product), better than the consensus estimate of 2.0%, but beneath last quarter’s 2.9% and the 3.2% rate seen in the third quarter of 2017. On...
Macro View Daily Insights Economy slows, with little expected impact for the rest of 2018. The U.S. economy grew at 2.3% in the first quarter, better than the consensus estimate of 2.0% but a slowdown from the near 3% growth of the prior three quarters. Persistent...
There’s a certain mystique surrounding the Federal Reserve (Fed) and how its decisions affect the economy and the interests of investors. Let’s imagine that the U.S. economy is an engine. It’s comprised of components such as market forces, government policy, and the...
Macro View Daily Insights Excellent earnings season thus far, by the numbers. First quarter earnings results have been excellent so far, with about 30% of S&P 500 Index companies having reported. Index-level earnings are tracking to a 22% year-over-year increase,...
