Joel Prakken, senior managing director at Macroeconomic Advisers discusses the Fed’s balance sheet, U.S. inflation projections, the FOMC and monetary policy. He speaks with Vonnie Quinn on Bloomberg TV. Click here to watch the video.
Macroeconomic Advisers is proud to be recognized by the Federal Reserve Bank of Chicago for The Best Overall Forecast, The Best Current Dollar GDP Forecast, and The Best Inflation Forecast submitted at the 2016 Automotive Outlook Symposium. The highly respected national competition received over 27 entries from the manufacturing and banking industries, as well as consulting and service firms and academia. Winners represent the best work from the most respected forecasting firms and Macroeconomic Advisers is proud to be acknowledged for its accuracy of its macroeconomic forecasts. “We are honored to be acknowledged by the Federal Reserve Bank of Chicago … Continue Reading
MA’s Ben Herzon was quoted in the article, “US growth rate revised up to 1.2%” by Natalie Sherman with BBC News. (Excerpts shown below.) The US economy grew at a faster pace than initially thought in the first three months of the year. The latest official figures indicated the economy expanded at an annual pace of 1.2% in the quarter, up from the previous estimate of 0.7%. The change came after upward revisions to business and consumer spending. The initial estimate had been seen as a blow to US President Donald Trump, who pledged in his election campaign to raise … Continue Reading
MA’s Ben Herzon was quoted in the article, “Markets will be watching economic data and whether Amazon can break $1,000” by Patti Domm with CNBC. (Excerpts shown below). Economists on Thursday slashed second quarter GDP forecasts, based on April trade and inventories data. Many also revised down their forecast earlier this week because of weakness in new home and existing home sales data. But it’s the first quarter that will be in the headlines Friday. The second reading of first quarter GDP is expected to show improvement to 0.8 percent, from 0.7 percent, according to the Rapid Update. “It’s still … Continue Reading
Monthly GDP rose 0.1% in April following a 0.1% increase in March, which was as originally reported. The soft April increase reflected a solid increase in domestic final sales that was partially offset by a decline in net exports. Nonfarm inventory investment rose only modestly. The increase in domestic final sales was primarily accounted for by PCE. The level of monthly GDP in April was 1.2% above the Q1 average at an annual rate. Our current forecast of 3.2% Q2 GDP growth assumes a robust increase in May reflecting a sharp increase in nonfarm inventory investment. Click here for … Continue Reading