Economic Outlook

Besides the toll on those afflicted, the coronavirus known as COVID-19 is spreading global anxiety and uncertainty. As we have seen recently, the markets do not behave predictably when there is uncertainty, which makes it difficult to say how will the virus affect the economy. Without a vaccine (said to be a year or more Read more

The huge American economy, driven largely by consumer, business, and government spending, amounts to more than $21 trillion in goods and services each year; however, its health can change based on external shocks, such as trade decisions, and public policy, such as changes in the tax code. This is reflected in the uncertainty shadowing the Read more

Global events continue to roil economic indicators and pull the market into fluctuations that are difficult to predict and are sometimes more related to perception than real activity. Still, the second-quarter reports give a somewhat clearer view, even if it is difficult to predict the prevailing wind and where it may take us. Divergent signals Read more

Is the economy still growing? We believe that the answer is still “yes” — but that growth is slowing and the details in the first quarter and April of 2019 reveal warning signs. The GDP received a boost from inventories, exports Gross domestic product (GDP) grew at an annualized rate of 3.2% in the first Read more

Delayed by the partial government shutdown that began shortly before Christmas, and then swiftly overtaken by the frenetic pace of events of a turbulent 2019, the fourth quarter economic report offered a hazy picture, with uncertainty being all that seemed to be certain. So far in 2019, the United States economy remains generally solid, but Read more