Economic & Housing Weekly Note Archive
Below you will find an archive of the Economic & Strategic Research Group's weekly snapshot of current macroeconomic and housing data.
May 17, 2024 Weekly Note
Inflation Slows from Q1 Pace but Remains Elevated as Retail Sales Slump in AprilMay
Inflation Slows from Q1 Pace but Remains Elevated as Retail Sales Slump in April
ISM Services Index Slumps as Credit Conditions Tighten
Employment Growth Slows as Labor Market Normalizes after Hot Q1
April
GDP Details Continue to Signal a Strong Economy as New and Pending Home Sales Rise
Home Sales and Starts Pull Back in March, While Economic Data Continue to Support Near-Term Growth
Hot Inflation Data Likely to Delay Rate Cuts, Put Upward Pressure on Mortgage Rates
Payroll Growth Continues to Beat Expectations, While Manufacturing Activity Ends 18-Month Slump
March
GDI Surges to End 2023, but Q1 Indicators Continue to Point to Slowing Growth
Existing Home Sales and New Construction Jump in February
Core Retail Sales Growth Remains Soft, and Inflation Reports Push Bond Market Expectations Closer to Fed Rate Cut Guidance
Payroll Employment Remains Strong While Other Indicators Point to Softening
January Consumption Contracts, While Pending Sales Retreat from Higher Mortgage Rates
February
Existing Sales Rise in January as Mortgage Rates Eased
Single-Family Construction is Lone Bright Spot as Inflation Comes in Hot and Retail Sales Slide
Services Activity Improves, Though Business and Consumer Lending Remain Soft
Fed Remains Patient on Future Rate Cuts as Job Gains Pop
January
Economic Growth Beat Expectations to End 2023; Home Sales Poised to Trend Upward
Retail Sales Point to Resilient Consumers, while Existing Home Sales Fall Again to End 2023
CPI Comes in Warm but Remains on Path to 2-Percent Target as Broader Economic Activity Slows
Employment Gains Remain Strong Despite Continued Contraction in Manufacturing Activity