Economic Commentary
Weekly Market Snapshot
Chief Economist Scott Brown discusses the latest market data. Market Commentary by Scott J. Brown, Ph.D., Chief Economist Real GDP rose at a 6.4% annual rate in the advance estimate for 1Q21, held back by slower inventory growth and a wider trade deficit. Consumer spending (a 10.7% annual rate), business fixed investment (+9.9%) and residential […]
What Does the 1Q21 Data Tell Us About the Rest of the Year?
Chief Economist Scott Brown discusses current economic conditions. The Bureau of Economic Analysis reported that Gross Domestic Product (GDP) rose at a 6.4% annual rate in the advance estimate for the first quarter. However, that understates the economy’s strength. Private Domestic Final Purchases, a better measure of underlying domestic demand, rose at a 10.6% pace. […]
Weekly Market Snapshot
Chief Economist Scott Brown discusses the latest market data. Market Commentary by Scott J. Brown, Ph.D., Chief Economist The economic data reports were second-tier, leaving market participants to focus on earnings and President Biden’s tax proposal. New home sales rebounded 20.7%, from weather-related weakness in March, to a 1.021 million seasonally adjusted annual rate. Existing […]
Trade, the Dollar, and Inflation
Chief Economist Scott Brown discusses current economic conditions. The advance estimate of 1Q21 GDP growth is expected to show negative contributions from net exports and the change in inventories. Private Domestic Final Purchases (consumer spending, business fixed, investment, residential fixed investment), a better measure of underlying domestic demand, should be a lot stronger. All else […]