Joel Naroff



Jun 21, 2018
Growth will likely come in above 3% this quarter and next, but to keep growing at that pace, firms have to invest and an uncertain world is not a desirable one to make big capital spending decisions.


Jun 19, 2018
The rebound in home construction and the sector might actually add to growth this quarter.”


Jun 15, 2018
There have been so many strong economic numbers that one weak one shouldn’t indicate the start of a slowdown.


Jun 14, 2018
Can the economy survive massive tax cuts and huge government spending increases when it is already growing solidly and the labor market is at or near full-employment? The concern is that inflation will accelerate sharply because growth could become too strong.


Jun 13, 2018
This was a fairly hawkish report. Look for rates to rise consistently over the next two years, with the funds rate topping out at around 3.5%.


Jun 13, 2018
There isn’t a great schism between goods and services inflation, at least when you remove energy. That indicates the inflationary pressures have become widespread. Looking into the future, there are similar warning signs as intermediate costs were up solidly, especially for processed products.


Jun 12, 2018
If this economy is to grow solidly for an extended period, consumers will have to lead the way, but that looks doubtful. Hourly wages are rising, but when you factor in the cost of goods and services, they are going nowhere.


Jun 1, 2018
Manufacturing is strong, construction is soaring and firms are hiring: What more is there to say?

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