by Lance Roberts | Dec 1, 2023 | alerts, Markets/Economy, Real Investment Advice
I previously discussed a slate of recessionary indicators with high correlations to recessionary onsets. However, as we head into 2024, many Wall Street economists predict a “soft landing” or “no recession” outcome for the economy. Are these recessionary indicators...
by FannieMae.com | Dec 1, 2023 | alerts, Markets/Economy
Key Takeaways: Gross domestic product (GDP), adjusted for inflation, increased at a 5.2 percent seasonally adjusted annualized rate (SAAR) in Q3 2023, according to the second estimate from the Bureau of Economic Analysis (BEA), an upgrade of three-tenths compared to...
by Financial Advisor Mag | Nov 30, 2023 | alerts, Markets/Economy
US consumer spending, inflation and the labor market all cooled in recent weeks, adding to evidence that the economy is slowing. Inflation-adjusted personal spending rose 0.2% last month after a downwardly revised 0.3% advance in September, according to the Bureau of...
by Yahoo.com | Nov 30, 2023 | alerts, Markets/Economy
Contract signings for existing homes logged their slowest pace in more than two decades in October. Home sales under contract dropped 1.5% from the month before, according to the National Association of Realtors on Thursday. The 71.4 index reading is the lowest since...
by Bloomberg.com | Nov 30, 2023 | alerts, Markets/Economy
New York Fed chief says policy ‘most restrictive in 25 years’ Inflation, spending data show economy shifting into lower gear Federal Reserve Bank of New York President John Williams reiterated the Fed’s benchmark lending rate is at or near its peak level and said...
by MarketWatch.com | Nov 28, 2023 | alerts, Markets/Economy
The S&P 500 will soon wrap its best month in more than a year. Even a limp to that finish line that seems to be playing out won’t move the needle on that. One particularly frustrating aspect of 2023 for investors has been waiting for a recession that never came,...
