Economic output is estimated to downshift sharply in next month’s official GDP report for the first quarter, based on the median nowcast from several sources compiled by CapitalSpectator.com. Recessionary conditions will likely be avoided, at least for now, but Q1 data appears set to highlight an increased vulnerability in Q2 and beyond.
Daily Archives: March 28, 2025
Macro Briefing: 28 March 2025
US jobless claims edged lower last week, holding at a middling level relative to recent history. Initial claims for unemployment insurance eased to 224,000, seasonally adjusted, which reflects a low number compared with the historical record and suggests ongoing growth, or at least stability, for the labor market.
