Weekly Economic Outlook

USANominal personal income increased 1.0% in January, a lot more than expected by consensus (+0.4%). The wage/salary component of income showed a 0.4% gain, whereas income derived from government transfers surged 2.3%, the most since [...]

USA   In hindsight, Fed officials had every reason to remain cautious in timing the pivot to policy easing. Since the January 30th-31st FOMC meeting, the economic data has done little to instill further confidence [...]

USA       The Consumer Price Index climbed 0.3% in January, topping the median economist forecast calling for a 0.2% increase. The index rose 0.2% the prior month. Prices in the energy segment fell [...]

USA     The ISM Services index was in the spotlight. In short, the service sector started the year off on a high note. In January, the headline index jumped to a reading of 53.4, [...]

USAOverall, the messaging from the Federal Reserve was positive. Chair Powell stated that the committee was pleased by the progress made thus far on returning inflation to their 2% target, but noted that they would [...]

USA     Real GDP expanded 3.3% annualized in the fourth quarter, a lot more than the median economist forecast calling for a +2.0% print. Year on year, real GDP expanded 3.1%. Domestic demand grew [...]