Report
Data Round-Up: Real Consumption on Track for Strong 4.5% in 14Q4
posted by Michael Lewis on December 23, 2014
Found in US, categorized in Growth Outlook and Business Cycle
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Headline
: Jingle all the way! FMI had been expecting the plunge in gasoline prices to add upside risk to our real consumption forecast. Today’s data shows that has been happening and then some.
Abstract
FMI’s analyses of this morning’s Third Report of 14Q3 GDP, November Durable Goods and Personal Income & Consumption reports (all three also attached as a single PDF) plus notes on November New Home Sales and the December Richmond Fed Manufacturing and Philadelphia Fed Non-Manufacturing regional surveys.