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The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 1.5% annual rate in the second quarter. That is about half of the historical averag...
Improving through 2025Q3. But taking out the revenue associated with the illegal IEEPA tariffs, well… Figure 1: Federal budget balance excluding automatic stabilizers (blue), and e...
From NIPA accounts: Figure 1: Petroleum and petroleum product exports (blue), imports (red), both in bn.$, SAAR. Source: BEA. For the balance in physical units of crude oil, here’s...
S&P Global Markets Insights monthly GDP (formerly IHS, Macroeconomic Advisers) online today. Here is monthly GDP againnst other NBER BCDC measures: Figure 1: NFP employment (bo...
Along with GDPNow. Industrial production under consensus (+0.1% m/m ov +0.2% Bloomberg consensus), while manufacturing is flat (+0.0% vs. +0.1% consensus). Figure 1: NFP employment...
Following further on Jim’s assessment on slow but steady headline GDP growth, core GDP growth remains strong. But GDP growth relies on AI related investment spending. Figure 1: Fin...
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