The Federal Open Market Committee began its two day September meeting yesterday, where it will consider raising the short-term policy rate, or the guidance on that rate. It has been nine years since the committee has raised this rate. The prospect of higher rates has financial markets and their commentators very nervous. The rate-raising event,… Read more

Once a year, the U.S. Bureau of Economic Analysis (BEA) releases a new set of economic growth estimates that include not yet released numbers for the second quarter and revisions to historical GDP estimates as far five years back. Today is that day. The first estimate of 2015’s second quarter economic growth is 2.3 percent,… Read more

The U.S. Bureau of Economic Analysis (BEA) released their first estimate of the fourth quarter 2013 Gross Domestic Product today. The estimate indicates that the economy grew 3.2 percent in 4th quarter. This followed a 4.1 percent growth rate in quarter 3 which followed a 2.5 percent growth rate in quarter 2. The growth in… Read more

This article was written by Bill Watkins and previously published on New Geography on November 12, 2013. Jerry Brown is supposed to be a different kind of politician: well informed, smart, slick, and skilled. While he has had some missteps, he’s always bounced back. His savvy smarts have allowed him to have a fantastically successful… Read more

The preliminary estimate of United States third quarter economic growth was released today. The growth number is 2.8 percent, stronger than any of the three quarters prior. The quarter 2 growth rate was 2.5 percent, and the quarter 3 result beat our forecast of 1.3 percent. This was despite slowdowns in the growth of consumption… Read more

Dan Hamilton & Sean Liu As expected, China’s 2013 second quarter economic growth slowed, recording 7.6 percent compared with 7.7 percent in quarter 1. This data was released July 15th. This is a real growth rate that is a comparison with the same quarter in the prior year. China’s government provides a production-side breakdown of… Read more

The U.S. Bureau of Economic Analysis (BEA) released their annual comprehensive revision of the national income and product accounts on Wednesday, July 31. Most of the Financial news websites focused primarily on the first estimate of the second quarter of 2013, which was that economic growth was 1.7 percent. The analysis that was presented was… Read more

U.S. economic growth accelerated from 0.4 percent in the fourth quarter of 2012 to 2.5 percent in the first quarter of 2013. This acceleration was driven mainly by increases in consumption growth and inventory investment. Another factor was that government expenditure was less of a negative contribution to growth in first quarter by about half… Read more

Fourth quarter United States GDP contracted by about $5 billion dollars, which is 0.1 percent negative growth annualized. This is after 3.1 percent growth in the third quarter which was the strongest quarter in 2013. The largest drivers of the fourth quarter decline were a contraction in government spending of 6.6 percent and a change… Read more

This is a comment on the national November Employment Situation report released last Friday, and I use numbers from the report to calculate when the United States might reach the Federal Reserve unemployment rate goal of 6.5 percent. The unemployment rate fell from 7.9 percent in October to 7.7 percent in November which might appear… Read more