Economic Forecast

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2nd Quarter Economic Update | August 2018

By | 2018-08-14T13:28:07+00:00 August 14th, 2018|Categories: On Our Minds|Tags: , , , , |

Real gross domestic product (GDP) increased 4.1% in the second quarter of 2018, according to the “advance” estimate released by the Bureau of Economic Analysis.  This is up from 2.2% in the first quarter.  The 2nd quarter increase in real GDP reflected increases in consumer spending, exports, business investment, and government spending.  The only decreases were [...]

1st Quarter Economic Update | May 2018

By | 2018-07-05T16:07:13+00:00 May 18th, 2018|Categories: On Our Minds|Tags: , , , , |

Our economic indicators continue to run positive for the first quarter of 2018.  Consumer spending, business investments and residential fixed investments rose at a 4.6% annual rate.  Gross Domestic Product (GDP), a broad measure of the nation’s overall economic activity has shown consistent growth over the past three quarters; up 3.2% in 2017’s 3rd quarter, 2.9% [...]

4th Quarter Economic Update | January 2018

By | 2018-02-22T21:51:08+00:00 February 15th, 2018|Categories: On Our Minds|Tags: , , , , |

Once again, the economic metrics we follow indicate growth is strong around the world.   The ultra-loose monetary policies that were implemented due to the financial crises a decade ago have led to an expanding global economy resulting in many countries continuing to see strong GDP growth.  Labor markets are solid, global trade is healthy and commodity [...]

3rd Quarter Economic Update | October 2017

By | 2017-11-16T20:22:39+00:00 November 16th, 2017|Categories: On Our Minds|Tags: , , , , |

Economic growth is strong around the world.  The number of countries with economies that are in a recession are at near all-time lows.  The ultra-loose monetary policies that were implemented due to the financial crises a decade ago, have led to an expanding global economy resulting in many countries seeing strong GDP growth.  Many regions are [...]

2nd Quarter Economic Update | August 2017

By | 2017-08-31T19:14:42+00:00 August 22nd, 2017|Categories: On Our Minds|Tags: , , , , |

U.S. economic reports improved quarter-over-quarter.  U.S. businesses appear to have emerged from a multi-year earnings slump, with the Q1/Q2 S&P 500 sales and profits showing year-on-year growth for the first time since late 2014.  GDP is up 2.8% year-over-year and economic sentiment continues to improve.  Key risks include uncertainty on President Trump’s economic policy, geopolitical threats [...]

Mackey Advisors Economic Update | May 2017

By | 2017-06-14T14:58:07+00:00 May 18th, 2017|Categories: On Our Minds|Tags: , , , , |

The U.S. economy continues to do well.  It is stable and has proven to be resilient to domestic and global news events.  It continues to slowly recover and, according to most economists, should continue to do so through 2017 and into 2018.  The employment situation continues to improve; the unemployment rate is 4.7% and remains near [...]

Mackey Advisors Economic Update

By | 2017-05-24T17:57:19+00:00 February 14th, 2017|Categories: On Our Minds|Tags: , , , , |

All indicators are now pointing, more or less, in a positive direction for the U.S. economy.  The consumer continues to be in the driver’s seat, enjoying low energy prices, low borrowing costs (for now anyway), rising wages and a strong housing market.  As far as the economy is concerned, the elections were a non-event.  Although there [...]

Mackey Advisors Economic Update

By | 2017-05-09T22:13:54+00:00 July 28th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , |

The U.S. economy continues to remain a bright spot in the world despite significant headwinds that dampened activity in the early months of 2016.  The consumer is driving U.S. economic growth.  According to recent Consumer Confidence reports, purchasers continue to view business and labor market conditions (i.e. personal income prospects) positively.  They are cautiously optimistic about [...]

Mackey Advisors Economic Update

By | 2017-05-09T22:13:49+00:00 April 29th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , , |

The U.S. economy remains a bright spot in the world despite significant headwinds that dampened activity in the early months of 2016.  Manufacturing production has been consistent over the past four months, continuing to edge higher in the first quarter, boosted by strong automotive output.  Yet a healthier economy and differing monetary policy opinion pieces also [...]

Mackey Advisors Economic Update

By | 2017-05-09T22:13:46+00:00 January 28th, 2016|Categories: Personal Planning, Uncategorized|Tags: , , , |

The U.S. economy, though soft in the second half of 2015, remains a bright spot in the world.  This is despite significant headwinds created by the problems facing the majority the globe’s economies.  The world’s largest economy is being bolstered by gains in Consumer Spending and Construction.  Strong employment growth, cheaper gasoline, and higher home prices [...]