U.S. Outlook: Can we get a clean data point? Please!

Scott Anderson
Posted by Scott Anderson
Chief Economist

It has been awhile since we have had a decent untainted reading on the health of the U.S. economy. U.S. economic data hasn’t disappointed economists’ expectations this badly since 2012.

graph_housing_022014Below is a brief summary of my weekly analysis, followed by a link to the full U.S. Outlook report, delivered on Feb. 21, 2014.

Key observations:
  • Housing data weakness largely due to harsh winter weather.
  • Conference Board’s LEI index points to economic acceleration in 2nd half of 2014.
  • The weak economic data is not enough to slow Fed’s taper strategy.
  • Fed minutes suggest continued $10-billion monthly cutback in bond purchases, barring more severe signs of economic weakness.

Click here to read my full report.

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