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Econbrowser

Analysis of current economic conditions and policy

Spot the “Events” in this Event Study

Dow Jones:

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This entry was posted on March 4, 2025 by Menzie Chinn.

Trade War w/Canada, Mexico

From McKibben/Noland (PIIE):

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This entry was posted on March 3, 2025 by Menzie Chinn.

The Inversion Continues

While VIX is elevated:

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This entry was posted on March 3, 2025 by Menzie Chinn.

Nowcasted Consumption Falls to Stall Speed

A week ago, Atlanta Fed’s nowcast of consumption was 2.2% q/q annualized; now it’s zero.

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This entry was posted on March 3, 2025 by Menzie Chinn.

Policy Uncertainty

High frequency through 3/2:

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This entry was posted on March 3, 2025 by Menzie Chinn.

Have Nowcasts and Forecasts Ever Dropped so Quickly When Not about to Go into a Recession?

Asking for a friend. From Atlanta Fed today:

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This entry was posted on March 3, 2025 by Menzie Chinn.

Reinversion Continues

End of week  spreads:

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This entry was posted on February 28, 2025 by Menzie Chinn.

Recession Outlook Darkening

From betting markets, economists:

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This entry was posted on February 28, 2025 by Menzie Chinn.

Instantaneous Inflation Rising

Year-on-Year looks better.

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This entry was posted on February 28, 2025 by Menzie Chinn.

Off a Cliff

NBER Business Cycle Dating Committee key indicators. Consumption (preliminary) falls markedly.

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This entry was posted on February 28, 2025 by Menzie Chinn.

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Authors

James D. Hamilton is Professor of Economics at the University of California, San Diego

Menzie Chinn is Professor of Public Affairs and Economics at the University of Wisconsin, Madison

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  • James Hamilton
  • Menzie Chinn

Recent Posts

  • Cautionary Notes to Avoid Rookie Economist Errors, Revised Edition:
  • Business Cycle Indicators: GDP, Personal Income, Mfg & Trade Industry Sales, Consumption
  • Section 122 Implementation in Context
  • On the Q4 Advance Release: GDP vs. “Core GDP” and Residential Investment
  • Where’s the Balance of Payments Emergency?

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Current Indicators

Econbrowser faces the data: (since  Feb 20, 2026)

Econbrowser recession indicator index: 1.8 (describes  2025:Q3)

The most recent U.S. recession began in 2020:Q1 and ended in 2020:Q2

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