US GDP Data Will Showcase Consumer Set to Power Economy in 2024

US GDP Data Will Showcase Consumer Set to Power Economy in 2024

Forecasters who follow the US economy found themselves in a familiar place after a recent retail sales report: revising up their estimates for GDP. Quarterly data on gross domestic product due Thursday from the Bureau of Economic Analysis is expected to show the economy expanded at a 2% annual rate in the final three months … Read more

US Recession Indicator Sahm Rule Might Not Hold for 2023

US Recession Indicator Sahm Rule Might Not Hold for 2023

In 2019, while working as a senior economist at the Federal Reserve, Claudia Sahm published a measure to show when the US has fallen into a recession. What came to be known as the Sahm Rule is elegant in its simplicity and has been praised for its accuracy by the likes of Nobel laureate Paul … Read more