Q3 GDP Holds Steady at 2.8% Amid Mixed Consumer and Price Trends  Few anticipated the second estimate of third-quarter GDP to deliver anything particularly surprising, and indeed, expectations held firm when the data proved uneventful. Initially reported at an annualized growth rate of 2.8% in the preliminary estimate released last month, the ...

Retail Sales Report Hides Economic Risks: Delinquency Rates Surge  The most recent retail sales report has given Wall Street a reason to celebrate, with headlines highlighting the strength of consumer spending and fueling optimism for a "soft landing" in the economy. However, a closer examination of the data reveals a more concerning reality b...

Q1 GDP Growth at 1.4%, Consumer Spending Drops, Inflation Rises  No one paid much attention to today's final Q1 GDP figure, which is understandable since it reflects a period that ended over three months ago. Nonetheless, there were two key points worth noting: the GDP grew at an annualized rate of 1.4%, slightly above last quarter's downward ...

Biden Administration Reports Strong Q4 GDP Growth of 3.4%  It's old news now, but just a while back, the Biden administration's Bureau of Economic Analysis released its third estimate of the US's economic growth in the fourth quarter (Q4), stating that it stood at 3.4% (precisely 3.440%). This figure surpassed both the 3.2% reported last month...