US household consumption represents 70.3% of GDP, so economists evaluate the financial health of US consumers when they make their forecasts. READ MORE
Recession Incoming?
Economists are not particularly good at predicting recessions. In June 2022, Fortune magazine reported that more than two-thirds of economists expected a recession in 2023. READ MORE
Mixed Signals
US economic indicators and financial markets appear to be sending mixed signals to investors. READ MORE
Debt Ceiling Negotiations
Treasury Secretary Jane Yellen notified Congress today that the US Government is projected to reach its debt limit as early as June 1 if there is not a change in the current limit. In her letter to Congress, she wrote READ MORE
Consumer Prices, Debt, and Spending
The consumer price index (CPI) calculation includes a weighted distribution amongst eight major expense categories. READ MORE