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Q1 GDP Forecasts: 1.0% to 2.7%

From Merrill Lynch GDP growth is likely to slow to 1.0% qoq saar in 1Q 2020. [Jan 31 estimate]emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.5% for 2020:Q1 [Jan 31 estimate] And from the Altanta Fed: GDPNow The initial GDPNow model estimate for real GDP growth […]

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Personal Income increased 0.2% in December, Spending increased 0.3%

The BEA released the Personal Income and Outlays report for December: Personal income increased $40.7 billion (0.2 percent) in December according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $30.6 billion (0.2 percent) and personal consumption expenditures (PCE) increased $46.6 billion (0.3 percent). Real DPI decreased 0.1 percent […]

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Friday: Personal Income and Outlays

Friday:• At 8:30 AM ET, Personal Income and Outlays for December. The consensus is for a 0.3% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.1%. • At 9:45 AM, Chicago Purchasing Managers Index for January. The consensus is for a reading […]