What We Learned About the U.S. Economy Last Week
Weekly Economic Update: A brief, non-technical review of the previous week's U.S. economic data releases by Kevin A. Roth, PhD
GDP growth was not as poor as previously thought during Q4 2015 (although still quite weak) while there was a spark in consumer spending during January.
The Fed decides to hold steady as we learn that GDP sputtered at the end of 2015 and durable goods orders plummeted in December.
On one hand, a revised Q3 GDP estimate does not inspire nor does data on November business conditions. Yet, consumer sentiment improved as 2015 was wrapping up with Americans opening up their wallets.
What We Learned About the U.S. Economy Last Week 