The Cleveland Fed released the median CPI and the trimmed-mean CPI on 20200410: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.5% annualized rate) in March. The 16% trimmed-mean Consumer Price Index also rose 0.2% (1.9% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI […]
Key Measures Show Inflation Near 2% YoY in March Read More »
To begin, the expansion to the Panama Canal was completed in 2016, so some of the traffic that used the ports of Los Angeles and Long Beach is probably now going through the canal. This might be impacting TEUs on the West Coast. Container traffic gives an idea about the volume of goods being exported
LA Area Port Traffic Down YoY in March Read More »
Q1 GDP Forecasts: Around -7% SAAR Note: The NY Fed Nowcast and Atlanta Fed GDPNow models are based on released data, and aren’t capturing the collapse in the economy in the 2nd half of March. All forecasts, including the Merrill Lynch and Goldman Sachs forecasts, are for the seasonally adjust annual rate (SAAR) of decline.
Q1 GDP Forecasts: Around -7% SAAR Read More »
Goldman Sachs slashes forecasts for next quarter, now sees 34% GDP contraction and 15% unemployment Mar 31, 2020, 12:56 PM US gross domestic product will shrink by 34% in the second quarter as the coronavirus outbreak fuels a worse-than-expected hit to the labor market, Goldman Sachs said on Tuesday, Mar 31. The bank initially forecast
Goldman Sachs GDP Update Read More »