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Everyday Economics
New Economic Data Coming: What to Expect
Apr 25, 2024
Join economist Dr. Orphe Divounguy as he discusses upcoming economic data releases like Q1 GDP, jobless claims, pending home sales, PCE data, and consumer sentiment. Explore forecasts for Q1 2024, housing market trends, and the impact of inflation on consumer sentiment.
14:05
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Quick takeaways
- Anticipate higher GDP growth driven by looser financial conditions and robust consumer activity.
- Potential increase in initial jobless claims signals a cooling labor market influenced by market fluctuations.
Deep dives
Analysis of Q1 GDP
The forecast for Q1 GDP stands at 2.2%, slightly lower than the prior quarter's 3.4%. Expectations suggest looser financial conditions driving higher than expected GDP growth, with stronger consumer activity, including retail sales and housing market rebound, contributing to a positive outlook. The anticipation is for GDP in Q1 to surpass the consensus estimate of 2.5%.
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Discover
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