U.S. Outlook: Flat start but stronger finish still in focus
It has been another ham-handed start to the year, as two recent data points for February and March were downbeat indicators.
For more on what this means and other economic developments this week, see my full analysis. Highlights are outlined below, followed by a link to the full U.S. Outlook report, delivered on April 3.Key observations:
- For the second week in a row we have cut our forecast for first-quarter GDP.
- Consumer confidence rebounded in March.
- Real personal income growth trends remain firmer than spending.
- Consumers, so far, have saved their windfall from lower gasoline prices.