Quarterly Economic Updates

Highlights "A frequent bright spot for the economy in recent years, the job market dimmed slightly in the 2nd quarter of 2024, with unemployment rising, labor force participation inching down,…

Highlights "In light of the 1st quarter data, the Federal Reserve foreshadowed a wait-and-see plan that may delay the expected reversal of its hawkish interest rate policy." Summary With inflation…

Highlights "Domestic production outperformed expectations with broad growth among the major components, especially personal spending." Summary As inflation descends closer to typical levels with production, job growth and capital markets…

Highlights "The Fed continues to weigh incoming economic data carefully before raising rates further, implementing a rate hike in two of the last four meetings after ten increases in a…

Highlights "Elevated interest rates continue to pose a concern for the U.S. economy in the 2nd quarter of 2023, with target rates reaching a 17-year high. The resulting high mortgage…

Highlights “With anti-inflationary policy holding interest rates at a nearly 17-year high, the Federal Reserve finally softened their hawkish stance in the wake of March’s banking crisis. The Fed indicated…

Highlights “The Federal Reserve’s aggressive counter-inflationary policies, particularly interest rate raises, are expected to have a delayed restrictive effect on the economy.” Summary In the 4th quarter of 2022, the…

Highlights “elevated interest rates have taken a heavy toll on capital markets and slowed the housing industry’s seemingly unstoppable momentum” Summary In the 3rd quarter of 2022, inflation continued to…

Highlights “The labor market brought rare good news in the 2nd quarter of 2022, with the unemployment rate holding steady and the broader U-6 rate that includes discouraged and involuntary…

Highlights “The Federal Reserve warned that tightening monetary policy to curb inflation—namely, tapering its highly effective bond-buying program and beginning a series of interest rate hikes—would also constrain economic growth.”…