Recent Posts

Energy Pushes CPI Higher

June 12, 2026 Inflation returned to the center of the market narrative this week as the May Consumer Price Index

Strong Hiring Supports Growth

June 5, 2026 Employment data from this week reinforced that the US labor market remains on solid footing, pushing US

Strong Jobs, Cooling Inflation

May 29, 2026 Constructive comments from the White House on a continuation of the cease fire with Iran supported moderately lower Treasury

10/29– Weekly Economic Highlights

Real US gross domestic product (GDP) growth decelerated in the third quarter amid widespread supply chain disruptions and a surge in the Covid Delta variant. According to the advance estimate, third quarter GDP grew at an annualized rate of just 2.0% in the third quarter, below expectations for 2.6% growth. This follows a much stronger pace of growth in the first half of this year, with first and second quarter annualized GDP growth up 6.3% and 6.7%, respectively. Over the past few months, expectations for GDP growth through year-end have moderated, but the consensus forecast for full year 2021 GDP growth is 5.7%, which is still much higher than forecasters were initially expecting. Heading into the year, the consensus forecast called for GDP growth of just 3.9% in 2021. While supply chain issues are likely to persist over the near- to intermediate-term, virus infection rates have declined and vaccination rates continue to improve. GDP growth is expected to reaccelerate in the current quarter. The consensus forecast calls for 4.9% GDP growth in the fourth quarter. Looking further ahead, the consensus estimate calls for 2022 US GDP growth of 4.0%, which would remain well above the long-run average annual growth rate of about 1.8%.

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Holiday Closure Notice:

Chandler will be closed on Friday, July 3 in observance of Independence Day.