The US economy continued to grow at a strong “above-trend” pace through January, according to this morning’s update of the Chicago Fed National Activity Index. The three-month moving average of this business cycle benchmark (CFNAI-MA3) decelerated slightly to +0.33 last month vs. +0.34 in December, but the latest reading marks the third straight month of accelerated growth. In fact, the data for the November-through-January period mark the strongest three-month expansion for the US since 2006, based on CFNAI-MA3 data.
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Daily Archives: February 23, 2015
Q1:2015 US GDP Estimate: +2.8% | 23 Feb 2015
The US economy is projected to grow 2.8% in this year’s first quarter, based on The Capital Spectator’s median point forecast for several econometric estimates (real seasonally adjusted annual rate). That’s marginally above the 2.6% gain for 2014’s fourth quarter.
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Initial Guidance | 23 February 2015
● Stocks rise, safe-haven Swiss franc falls on Greek deal | Reuters
● Greece set to stay in euro zone, say finance chiefs | CNBC
● German Ifo Business Confidence Rises Less Than Expected | RTT
● Fed rate rise timing back in the spotlight | Reuters
● Ports Increasingly Bustling Again After Tentative Labor Deal | AP