Global Economy Briefs
2023
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Spending and Inflation Rebounded in January
February 24 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Following spikes in January Retail Sales and CPI data earlier this month, today’s Personal Income & Outlays data also rebounded.
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Feb CBO Budget & Economic Projections are Troubling
February 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Alan Cole, Senior Economic Policy Analyst, Committee for Economic Development of The Conference Board | Comments (0)Insights on the just-released Congressional Budget Office (CBO) Budget and Economic Outlook
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Strong January retail sales growth won’t last
February 15 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Retail sales spiked in January, starting the year on an unexpectedly strong note.
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January CPI data show road ahead will be bumpy
February 14 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)3 Insights for What's Ahead on January's inflation readings
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Fed hikes by 25 bps, but indicates terminal rate is close
February 01 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)As the full impact of this year’s Fed Funds hikes continues to weigh on businesses and consumers, economic activity will slow further.
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Consumer Spending Fell Again in Dec, but Inflation Cooled
January 27 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Collectively, these data will likely be interpreted by the Fed as a sign that monetary policy is working.
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Q4 2022 GDP growth slowdown will likely precede recession
January 26 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Q4 2022 US GDP rose by 2.9 percent, but key components showed softening. We continue to expect the US economy to slip into recession in early 2023.
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Supply Chain Recovery Contributes to Lower US Inflation
January 23 | Alexander Heil, PhD, Senior Economist, ESF Center, The Conference Board | Comments (0)Over the coming months, we expect that the reductions in transportation prices and logistics costs will be beneficial for domestic goods prices overall.
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Retail sales stumbled in December
January 18 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Looking ahead, we expect consumer spending to continue to contract as the US economy slips into recession early this year.
