Recent economic reports suggest that the US economy will continue to grow at a modest pace. Although macro risk has increased in recent months, the probability is low that a recession started last month and the near-term outlook suggests that the economy will continue to sidestep a new downturn, based on current data.
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● US Housing Starts Climbed More Than Forecast in Feb | Bloomberg
● US Industrial Production Down 0.5% in Feb | WSJ
● US core inflation posts biggest 12-mo increase in nearly 3 years | LA Times
● Fed Scales Back Rate-Rise Forecasts amid Global Risks | Bloomberg
● Atlanta Fed’s Q1 GDP estimate holds steady at +1.9% | Altanta Fed