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The first estimate of 4th quarter real GDP growth is 3.3%
Combined with +353,000 jobs added in December, things are looking pretty good
.The Zoom room will open by 6:50 pm. Come join us, catch up on this year’s economic news and share your thoughts.
Good news in recent economic data – it looks like we are heading for a soft landing:
– the debt ceiling increased until 2025, but credit rating lowered because we came close to not raising it
– nonfarm payrolls increased by 353,000 in January
– the unemployment rate was 3.7% in January
– The twelve month CPI has declined from 9.1% last June (2022) to 3.4% in December 2023.
– Twelve month PCE inflation was at 2.6% in December 2023
Note: Our meetings are recorded and the links are below. I encourage you to check out discussions from our prior meetings, especially the discussion with Representative Mark Walker on Illinois at September’s meeting.
David and Karl will be updating the fiscal and economic data over the next two weeks. Come discuss the current state of the US economy.
Bottom line is that the data through January show a growing economy that is still strong. Potential headwinds include a future government shutdown, the resumption of student loan payments, and issues with the Suez and Panama canals.
On Monday February 8th, David and Karl will try to explain what this all means.
To Join the Thursday 7 PM Fiscal & Economic ZOOM .. Click Here at 6:55 PM —>>> https://bit.ly/NWSOFA-Zoom
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