US economic activity is on track to maintain a moderate growth rate in 2025’s first quarter, according to the median for several nowcasts compiled by CapitalSpectator.com. Today’s initial Q1 estimate projects that the 2%-plus pace reported for Q4 by the Bureau of Economic Analysis (BEA) will continue in the current quarter.
Daily Archives: February 17, 2025
Macro Briefing: 17 February 2025
US retail sales fell more than expected in January. The sharp 0.9% drop last month was partly due to cold weather that suppressed sales of new cars. The average temperature in January was the lowest since 1988, Pantheon Macroeconomics advises. The fires in Los Angeles were also a temporary factor driving sales down.
