Growth remains on track to soften in the first quarter, based on the median GDP nowcast for a set of estimates compiled by CapitalSpectator.com. Although recession risk is still low, output looks set to downshift for a second straight quarter.
Daily Archives: February 16, 2024
Macro Briefing: 16 February 2024
* Partial government shutdown on March 1 possible without political compromise
* US homebuilder sentiment improves for third straight month in February
* Industrial output in US ticked down in January, remaining soft for second month
* Regional Fed mfg surveys (Philly and NY) for February show mix results
* US jobless claims drop to one-month low as layoffs stay low
* US retail sales fell more than expected in January:
