Personal income and consumption
Income looks solid and should increase further with January increases in Social Security, military, and infrastructure spending along with increased interest income from the Fed’s rate
Income looks solid and should increase further with January increases in Social Security, military, and infrastructure spending along with increased interest income from the Fed’s rate
No recession in sight, other than forecasts that assume rate hikes cause recession 😉 This has been the weak sector, but it’s not at recession
Hovering around pre-COVID levels with signs of bottoming (December had weather issues): Record high and this is the stuff of GDP, etc: Almost a year
We’ll see whether or not these are just weather-related downturns that reverses: Looks to me like it pretty much tracks oil prices (which are now
Small businesses are worried about the rate hikes. I’ll go with the consumer confidence 😉 Down even more- Rises and falls with oil prices set
A slight down-tic but no recession: Growing nicely. A surprise only to those who believe the rate hikes create unemployment 😉 Unemployment at a 50
Employment data remains solid: This survey is a tad on the weak side, but employment remains firm, indicating core strength: The ISM Manufacturing PMI for
Nominal income has grows relentlessly, assisted by deficit spending, including government interest expense that increases with the rate hikes: Adjusted for inflation and taxes, after a
Weakening some, but still in the post-COVID range: The US economy grew an annualized 3.2% on quarter in Q3 2022, better than 2.9% in the
Looking firm- no sign of recession: Another record high: Off a bit, but still very high: