All Posts Tagged: economy

U.S. Outlook: The state of household finances today

Scott Anderson
Chief Economist

The popular narrative is that households have done a good job of repairing their balance sheets since the Great Recession by paying down debt during the current economic expansion.

view from above as older couple looks at a laptop together while going through financial paperwork.But is that really true?

For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on June 22.

Key observations:

  • According to a Federal Reserve report, nominal household debt hit a record high $15.3 trillion in the first quarter of 2018.
  • This additional debt has helped support the second longest economic expansion in history.
  • Household debt as a share of disposable income has mostly been declining since hitting a high of 133.7% since the fourth quarter of 2007.
  • Household debt levels remain quite different by state.

 

Read my full report.

 

 

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U.S. Outlook: Strong consumer-led rebound in Q2 GDP anticipated

Scott Anderson
Chief Economist
Young, smiling man wearing an apron and holding a pen while sitting at a table and talking to a business woman.

Robust real GDP growth above 4% is expected in the second quarter of this year, driven by a sharp rebound in real consumer spending.

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Investment Insights: Powell hawks, Trump balks

Wade Balliet
Posted by Wade Balliet
Investment Strategy
Large plaza in North Korea with ceremonial flags, no people.

While this compromise with North Korea is a historic event for U.S. and international diplomacy, Trump’s stance on America’s closest allies may be a much larger issue.

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Instant Analysis: FOMC delivers on rate hike; statement and dot plot turn hawkish

Scott Anderson
Chief Economist
Federal Reserve building (Washington DC) at dusk.

For now the Fed is throwing caution to the wind and is pressing ahead with steady rate hikes this year, despite growing downside risks from trade. 

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U.S. Outlook: Happy anniversary, Great Recession expansion!

Scott Anderson
Chief Economist
outside shoppers in San Francisco

The current economic expansion turned nine years old this month.

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