November 2023

GDP Nowcasts align for moderate growth in the fourth quarter

By Theresa Sheehan|2023-11-29T06:55:33-08:00November 29, 2023|

The available data for forecasting GDP growth in the fourth quarter 2023 are still scanty and the outlook could change as more numbers become available. However, the three Fed district bank GDP Nowcasts are surprisingly [...]

Fed working on financial stability via bank term funding program

By Theresa Sheehan|2023-11-17T10:17:16-08:00November 17, 2023|

There’s been an uptick in talk about financial stability from Fed officials in the last few months. This is unsurprising given the concerns about how financial institutions are managing their interest rate risk after the [...]

High points for US economic data scheduled for November 20 week

By Theresa Sheehan|2023-11-17T08:34:13-08:00November 17, 2023|

The November 20 week is effectively a three-day work week with the Federal holiday on Thursday for Thanksgiving and many workers taking leave on Friday to have a four-day weekend afterward. Black Friday is the [...]

Global economies underperforming; relative performance index at -14

By Jeremy Hawkins|2023-11-17T08:27:39-08:00November 17, 2023|

Global economic activity continued to fall slightly short of market expectations last week. At minus 14, the Relative Performance Index shows forecasters still a little too optimistic about current conditions and, with recent inflation indicators [...]