Daily Archives: Feb 26, 2020 at 06:54 am EDT

US Economy Still Expected To Expand At Moderate Pace In Q1

The coronavirus is weighing on economic estimates around the world and it’s likely that the US will eventually feel some of this pain. The degree of the macro price tag for America remains a guessing game at this point. As a baseline, we can monitor how the first-quarter nowcasts evolve in the days and weeks ahead. On that front, the latest numbers point to a slightly softer increase in output for Q1 vs. the previous quarter.

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Macro Briefing | 26 February 2020

Global equities continue to slide on Wed amid escalating coronavirus worries: WSJ
US prepares for spread of coronavirus: Reuters
Several European countries announce coronavirus cases: BBC
Fed’s Clarida: “still too soon” to discuss a rate cut: MW
Globalization faces a new front of attack with coronavirus: NY Times
JP Morgan warns investors on climate-change risk: Bloomberg
US home price growth picked up in Dec, marking eighth year of price gains: Mstar
Mfg activity ticked lower in February in Richmond Fed district: Richmond Fed
US Consumer Confidence Index rose in January to five-month high: MW