U.S. Outlook: Downside tail-risks diminish for 2014

Scott Anderson
Chief Economist
gdp_122013

Better-than-expected retail sales in November and upward revisions to prior months are adding to the optimistic picture we’ve been painting for 2014.

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Instant Analysis: December FOMC statement

Scott Anderson
Chief Economist
Closeup of pillars on exterior of Federal Reserve building

The FOMC tiptoed into the taper pool by announcing a reduction in monthly asset purchases at today’s FOMC meeting, starting in January. Beginning next year, the Fed will be purchasing $75 billion a month in agency mortgage-backed securities and Treasury securities, a $10 billion reduction from the current pace of $85 billion.

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2014 U.S. Outlook: Firing on all cylinders

Scott Anderson
Chief Economist
graph of GDP forecast for 2014

For the first time since the “Great Recession,” the U.S. consumer will drive economic expansion in 2014.

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Instant Analysis: November jobs report

Scott Anderson
Chief Economist

The government’s November report on U.S. employment is solid, any way you slice it. And the larger-than-expected drop in the unemployment rate may be the biggest surprise of all.

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