As I watch the evolution of consumer spending, housing starts, new home sales, and GDPNow trends, it appears the economy has peaked. Warning: I tend to be early. The GDPNow forecast has been weakening since a peak of 4.2 percent on May 8, 2024.
As I watch the evolution of consumer spending, housing starts, new home sales, and GDPNow trends, it appears the economy has peaked. Warning: I tend to be early. The GDPNow forecast has been weakening since a peak of 4.2 percent on May 8, 2024.