Instant Analysis of Today’s FOMC Meeting The Federal Reserve decided not to hike the Fed funds target rate at the March FOMC meeting today- as widely expected. The headline from this week’s meeting is the big cut in the FOMC “dot-plot” interest rate path through 2018. In one fell swoop, the FOMC cut the […]
Continue ReadingU.S. Outlook Report: The U.S. Economy Moving in the Right Direction Global equity markets breathed a sigh of relief this week as U.S. economic data showed signs the economy is continuing to grow. The first positive sign came last week, when Q4 2015 real GDP was revised upward to1.0%, and personal income and spending for […]
Continue ReadingBank of the West: Instant Analysis of Today’s Advance GDP Estimate for Q4 2015 The Bureau of Economic Analysis released its initial estimate on Q4 2015 GDP this morning, coming in at +0.7% SAAR. This was just slightly below my estimate for +0.8% growth. The composition of U.S. growth in the fourth quarter was as […]
Continue ReadingUS Outlook Report: GDP with a 5.0 Handle- What Does it Mean? The U.S. economy confidently shifted to a higher gear of expansion in the third quarter of 2014, growing at an impressive 5.0 percent annualized rate, according to the “third” estimate of real GDP, reported by the Bureau of Economic Analysis. This was the […]
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