Forecasts
GDP Growth Prospects Improve and Forecasts for the Weeks of April 15 and 22
First Quarter GDP Estimates for first quarter GDP growth have been adjusted upward to 3.0 percent on the strength of stronger than expected consumer spending, and recovery in inventory investments and defense spending. In the second quarter, the latter two factors will not repeat, consumer spending will be pulled down by higher payroll and income [...]
Forecasts for the Weeks of February 25 and March 4
Here are my forecasts for upcoming economic data.
Top News
- NJ: Caramel-colored rubbing alcohol sold as scotch May 24, 2013TRENTON, N.J. (AP) — At one bar, a mixture that included rubbing alcohol and caramel coloring was sold as scotch. In another, premium liquor bottles were refilled with water — and apparently not even clean water at that. […]
- Asia stock markets edge up after big sell-off May 24, 2013BANGKOK (AP) — Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. […]
- Stricken Japan nuke plant struggles to keep staff May 24, 2013TOKYO (AP) — Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it. […]
- Procter & Gamble brings back A.G. Lafley as CEO May 24, 2013NEW YORK (AP) — Procter & Gamble Co. is bringing back its former CEO, as the world's largest consumer-products maker tries to spur global growth. […]
- Sears reports bigger-than-expected 1Q loss May 24, 2013NEW YORK (AP) — It was another ugly quarter for Sears Holdings Corp. […]