November Data Points to Accelerating Growth

Economic reports released in November 2017, which mostly reflect economic activity in October, largely exceeded economists’ consensus expectations with several very strong reports pointing to potential acceleration. With the help of a bounceback in economic activity disrupted by Hurricanes Harvey and Irma, October industrial production and housing data were particularly strong. …
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Data Reflects Continued Solid Growth

Economic reports released in October 2017, which mostly reflect economic activity in September, largely exceeded expectations throughout the month. The Citi Economic Surprise Index, which measures how economic data is coming in versus expectations, rebounded strongly from negative territory in September …
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Hurricanes Impact Data, But Expansion Appears Intact

Economic Data Economic reports released in September 2017, which mostly reflect economic activity in August but also include some weekly data and preliminary reports for September, were already showing the impact of three powerful hurricanes that hit Texas, Florida, Louisiana, and Puerto Rico in August and September. The economic impact of these events was significant …
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August Data Confirms Steady U.S. Growth

Economic Data Economic reports released in August 2017, which mostly reflect economic activity in July, confirmed that the U.S. economy continued to exhibit steady growth at the start of the third quarter after a solid rebound in the second quarter. The primary driver of the expansion was support for business spending which has continued to round out the solid picture of consumer spending …
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Data Confirms Q2 Growth Rebounds Still On Track

Economic reports released in June 2017, which mostly reflect economic activity in May, continues to indicate that economic growth picked up during the second quarter of the year. The consensus estimate from economists surveyed by Bloomberg is calling for a gross domestic product (GDP) rate of 3% during the second quarter, on an annualized basis, slightly above the average of the New York Federal Reserve …
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Data Disappoints, But Growth Still Steady

Economic reports released in May 2017, which mostly re ect economic activity in April, signaled that economic growth has likely picked up in the second quarter of the year. The consensus estimate by Wall Street Journal surveyed economists project growth near 3%, similar to the average of the New York Federal Reserve (Fed) and Atlanta Fed NowCast models, which forecast quarterly GDP based on currently …
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Economy Slows In First Quarter

Economic reports released in April 2017, which mostly re ect economic activity in March, signaled that growth had softened somewhat during the month, and the advance estimate of rst quarter 2017 gross domestic product (GDP) growth con rmed a broad economic slowdown over the entire period, although distortions from seasonality adjustments likely weighed on the nal number. While both consumer and business con dence remain …
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