Global Economy Briefs
2023
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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.
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Headline CPI eased in December while Core CPI rose
January 12 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)3 Insights for What's Ahead on the December CPI readings
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Challenged transit funding creates the need for cost savings
January 09 | Alexander Heil, PhD, Senior Economist, ESF Center, The Conference Board | Comments (0)COVID has altered the financial posture of many systems, but it does not have to be the end of efficient public transportation.
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US Labor Market is Still Strong with Few Signs of Cooling
January 06 | Selcuk Eren, Former Senior Economist, The Conference Board | Comments (0)Commentary on today’s U.S. Bureau of Labor Statistics Employment Situation Report
2022
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Retail Sales and FOMC Meeting Reactions
December 15 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)Nominal retail sales fell by 0.6 percent in November on fewer sales of durable goods and at department stores. In real terms, sales were likely more negative.
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Inflation eased again in November
December 13 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)3 Insights for What's Ahead on the November CPI data
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October data show progress on inflation & spending
December 01 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)While higher energy prices kept month-over-month PCE inflation flat at 0.3 percent, core PCE inflation dipped to 0.2 percent.
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Retail Sales Unexpectedly Strong in October
November 16 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Even when adjusted for inflation, sales were the strongest seen since February, rising 0.8 percent from the previous month.
