The Bureau of Economic Analysis announced today that seasonally adjusted U.S. real GDP grew at a 1.6% annual rate in the first quarter. That’s a little lower than many analysts expected. But the year-over-year growth is still on track.
First Tranche of Weapons to Ukraine; Seizing Russian Assets?
From Bloomberg: Upon signing the foreign assistance bill, this is what’s heading to Ukraine first tranche ($1bn):
Wisconsin Economic Activity thru March
Continues to rise, according the the Phildaelphia Fed’s coincident index, just out. The divergence with GDP continues to persist.
Chinese GDP in Q1
Official is 5.3% y/y (consensus 4.8%), vs BOFIT 4.3%.
Stephen Moore: “If you liked what Trump did on the economy the first time, you’ll like what he does the second time”
The Value of the Chinese Yuan: Down 15% since 2022M03
There’s been a lot of discussion of overcapacity in Chinese production, and the resulting pressures in US and other markets. Here’s a picture of the Chinese real exchange rates.
Have Wisconsin Inflation Adjusted Total Wages and Salaries Risen since 2021Q1?
Yes, using either Chained CPI, or East North Central CPI:
Should Wisconsinites Trust the JEC-Republicans State Inflation Tracker?
I’m not sure what it brings to the debate (see PolitiFact Wisconsin, WisconsinWatch).
Real Median Household Income for March
Wisconsin Economic Activity and Inflation
Latest employment, coincident indices: