Quarterly Economic Updates

Summary Real GDP continued to slow, but exceeded expectations in the 3rd quarter, despite concerns over ongoing trade tensions, the resulting tariffs, and shortages of skilled manufacturing labor. Personal and…

Real GDP exceeded expectations in the 2nd quarter, despite concerns over tariffs, cooling inflation, soft housing data, and global economic pressures. Bright spots in the economy were a still-strong labor…

  Summary After the Federal Reserve announced tepid expectations for the economy in 2019, the BEA reported strong 1st-quarter growth in real GDP. The gains should bolster confidence in the...