The U.S. economy’s growth slowed in the fourth quarter of 2023 compared to the prior quarter but continued at a robust pace. The Bureau of Economic Analysis’ (BEA) final estimate of fourth quarter real GDP was an annualized…...more
The U.S economy has continued to show resilient growth in recent months, surprising many economists who had expected that a recession would have begun by now due to higher interest rates, tighter credit, and still-elevated inflation. The Bureau…...more
In our 2023 outlook, titled “Navigating Uncertainty,” we outlined three broad themes that we believed would influence markets in 2023—continued volatility, moderating inflation, and a bear market bottom....more
U.S. economic growth slowed in the first quarter of 2023, and the current environment sets up the possibility of weak growth for the remainder of the year. Even though growth was positive for the third consecutive quarter, the…...more
The U.S. economy picked up steam in the second half of 2022 after declining in the first two quarters. Despite this recovery, the economy continues to struggle with rising interest rates. Against this backdrop, the Bureau of Economic…...more
The US economy posted modest growth in the quarter, but continues to grapple with high inflation, rising interest rates, and slowing employment growth. Within this landscape, the Bureau of Economic Analysis released the third estimate of the third…...more
As we wrap up 2022, we acknowledge the whiplash that may be felt after ping-ponging between a brief but precipitous bear market in 2020, 18 months of substantial stock gains, and now a year of volatile markets and…...more
The US economy struggled onward in the third quarter as surging inflation and resultant rising interest rates caused further economic contraction. The Bureau of Economic Analysis (BEA) released its third estimate of the second quarter real GDP, which…...more
The US economy slowed precipitously in the quarter, as the Russian invasion of Ukraine and significant swings in inventory accumulation put a damper on growth. Against this backdrop, the Bureau of Economic Analysis released the third estimate of…...more
The US economy generated accelerated growth in the quarter, as pandemic related restrictions had increasingly been lifted and the Omicron variant emerged too late to have impacted the data. Against this backdrop, the Bureau of Economic Analysis released…...more