The US economy is widely expected to post modestly faster growth in this year’s first quarter vs. the weak 1.0% GDP rise in last year’s Q4 (based on seasonally adjusted annual rates). The projected improvement still looks unimpressive, but the good news is that analysts continue to forecast a slightly faster expansion for the “advance” Q1 GDP report that the Bureau of Economic Analysis will publish on Apr. 28.
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● Brussels: An Attack on All of Europe | New Yorker
● PMI: Subdued pace of US mfg growth persists in March | Markit
● Richmond Fed: regional mfg expands in Mar | Richmond Fed
● Redbook: US retail sales tick higher YoY in week through Mar 19 | TE
● FHFA US Home Price Index Rises 0.5% in Jan | 24/7 Wall St
● Philly Fed’s Harker: Should ‘Get On With’ More Rate Hikes | MNI