pce – Page 4 – Alhambra Investments

It Always Goes Back To Income

It’s really not hard to appreciate why markets are freaking out right now. The economic narrative is, and has been, all wrong. Jay Powell says that faraway overseas pressures had taken just a little off what had been awesome economic growth. Despite what had become an obvious drag on trade and manufacturing, the unemployment rate, to Powell, spoke softly to [...]

Three Straight Quarters of 2%, And Yet Each One Very Different

By Jeffrey P. Snider|2020-01-30T17:25:44-05:00January 30th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Headline GDP growth during the fourth quarter of 2019 was 2.05849% (continuously compounded annual rate), slightly lower than the (revised) 2.08169% during Q3. For the year, the Bureau of Economic Analysis (BEA) puts total real output at $19.07 trillion, or annual growth of 2.33% and down from 2.93% in 2018. Last year was weaker than 2017, the second lowest out [...]

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