The Bureau of Labor Statistics (BLS) reported consumer prices increased in April. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 1.2%. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 3.1%. Large swings in energy prices account for most of the divergence between CPI and the… Read More ›

# Tag Archive for ‘macroeconomics’

## GDP Growth in the First Quarter – Stormy Weather?

The Bureau of Economic Analysis (BEA) reported real GDP grew at a seasonally adjusted annual rate of 0.2% in the first quarter of 2015. Real GDP grew at an annual rate of 2.2% in the fourth quarter of 2014. The slowdown in economic growth was expected but the extent of the slowdown was a surprise. Harsh weather, a strong dollar,… Read More ›

## GDP Growth in the Fourth Quarter – Third Estimate

In the third estimate of real GDP growth for the fourth quarter of 2014 the Bureau of Economic Analysis (BEA) reported a seasonally adjusted annual rate of 2.2%, unchanged from the second estimate. The composition of growth changed marginally, but the overall performance of the economy in the fourth quarter was unchanged. Upward revisions to personal consumption expenditures (PCE), residential… Read More ›

## GDP Growth in the Fourth Quarter – Second Estimate

The Bureau of Economic Analysis (BEA) released its second estimate of real GDP growth for the fourth quarter of 2014. Growth in economic output was revised downward to a seasonally adjusted annual rate of 2.2% from an “advance” estimate of 2.6%. The second estimate is based on more complete information than was available for the initial estimate. The slower pace… Read More ›

## GDP Growth in the Third Quarter – And It Just Keeps Getting Better

The Bureau of Economic Analysis (BEA) released its third estimate of real GDP growth for the third quarter. Growth in economic output was revised upward to a seasonally adjusted annual rate of 5.0% from 3.9% in the second and 3.5% in the advance estimate. The pace was 4.6% in the second quarter. The revisions were largely concentrated in personal consumption… Read More ›

## GDP Growth in the Third Quarter – Momentum? Revised Up To Probably

The Bureau of Economic Analysis (BEA) released its second estimate of real GDP growth for the third quarter. Growth in economic output was revised upward to a seasonally adjusted annual rate of 3.9% from 3.5% in the advance estimate. The pace was 4.6% in the second quarter. Upward revisions to investment, both fixed and inventory, and personal consumption expenditures were… Read More ›

## GDP Growth in the Third Quarter – Momentum? Definitely Maybe

The Bureau of Economic Analysis (BEA) released its estimate of real GDP growth for the third quarter. Economic output expanded at a seasonally adjusted annual rate of 3.5%, down from the 4.6% rate in the second quarter, but still respectable. The slowdown is no surprise given the rapid pace in the second quarter, driven in part by a bounce back… Read More ›

## GDP in the Second Quarter, Third Estimate – Faster, Stronger II

The Bureau of Economic Analysis (BEA) revised its estimate of real GDP growth to a seasonally adjusted annual rate of 4.6% in the second quarter, up from the initial estimate of 4.0% and a second estimate of 4.2%. The third estimate is based on more complete data than was available for the previous estimates. The revision didn’t change the basic… Read More ›

## GDP in the Second Quarter – Faster, Stronger

The Bureau of Economic Analysis (BEA) revised its estimate of real GDP growth to a seasonally adjusted annual rate of 4.2% in the second quarter, up from the initial estimate of 4.0%. The second estimate is based on more complete data than was available for the “advance” estimate. The estimates will be revised again next month based on more data…. Read More ›

## GDP and FOMC – How Do You Spell Relief?

An almost audible sigh of relief is conveyed in the statement that followed the July meeting of the Federal Open Market Committee (FOMC) as the committee upgraded its assessment of the economy and the Bureau of Economic Analysis (BEA) released estimates of economic activity for the April to June quarter, including 4.0% growth in GDP. The BEA reported that real… Read More ›