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MA’s Monthly GDP Measure Rose 0.1% in April

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

MA’s Joel Prakken Discusses U.S. Economy on Bloomberg Radio

MA’s Joel Prakken, senior managing director at Macroeconomic Advisers, discusses the outlook for the U.S. economy and the lifespan of the Trump bump. He speaks with Alan Bjerga and Amy Morris on Bloomberg Radio’s “Politics, Policy and Power.”     http://assets.bwbx.io/av/users/iqjWHBFdfxIU/v9qk.rcFJ198/v2.mp3

MA’s Monthly GDP Measure Rose 0.1% in March

Monthly GDP rose 0.1% in March following a 0.3% increase in February that was revised down from a previously reported increase of 0.7%.  The March figure reflects a moderate increase in domestic final sales that we estimate was mainly accounted for by PCE.  Outside of domestic final sales, a decline in net exports was partially offset by an increase in nonfarm inventory investment.  The data on monthly GDP through March are consistent with our latest estimate of 0.3% GDP growth in the first quarter.  Our latest tracking forecast of 3.8% GDP growth in the second quarter includes a 0.6% increase … Continue Reading

Macroeconomic Advisers’ Pre-FOMC Briefing

Macroeconomic Advisers’ Pre-FOMC Briefing Webinar Thursday, April 27th 10:30 AM – 11:05 AM EST Ken Matheny, senior economist at Macroeconomic Advisers will discuss MA’s views of the policy and economic backdrop for the meeting and our expectations for near-term Fed policy. To find out how to register for the webinar contact Tonya Cooksey by phone (314.721.4747) or email (cooksey@macroadvisers.com).