Consumer spending ended 2024 on a strong note, while inflation picked up, confirming our expectation that the Fed will remain firmly on hold in coming months.
Trusted Insights for What’s Ahead®™
Figure 1. Spending Remains Elevated Relative to Trend
Sources: Bureau of Economic Analysis and The Conference Board.
The Bureau of Economic Analysis revealed
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Retail Sales Show Consumer Resilience amid Tariffs
July 17, 2025
A Tale of Two CPIs: Goods Inflation Dwarfed by Services
July 15, 2025
Whiff of Stagflation in May PCE, Consumers Step Back
June 27, 2025
Charts
Preliminary PMI indices show no change in weak DM growth momentum in November
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How Might the World Fall Back into Recession?
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Passing increases downstream, cutting costs, and absorbing price increases into profit margins are the chief ways to manage rising input costs. Few see changing
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Downgraded global GDP forecast, but no recession expected
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US continues to lead global productivity race
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The Global Economic Fallout of the Ukraine Invasion
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The global supply chain disruption associated with the COVID-19 pandemic has resulted in production delays, shortages, and a spike in inflation in world.
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The Conference Board recently released its updated 2022 Global Economic Outlook.
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LEI for China Decreased for a Third Month in June
July 24, 2025
PRESS RELEASE
LEI for India Ticked up in June
July 22, 2025
PRESS RELEASE
US Leading Economic Index® Declined in June
July 21, 2025
PRESS RELEASE
The LEI for France Ticks Up in May
July 18, 2025
PRESS RELEASE
LEI for Mexico Increased in June
July 18, 2025
PRESS RELEASE
LEI for the Euro Area Decreased in June
July 17, 2025
All release times displayed are Eastern Time
Global growth is expected to slow over the next decade relative to the prior ten years.
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Economy Watch: US View (July 2025)
July 17, 2025 | Article
Retail Sales Show Consumer Resilience amid Tariffs
July 17, 2025 | Brief
A Tale of Two CPIs: Goods Inflation Dwarfed by Services
July 15, 2025 | Brief
Economy Watch: Global and Emerging Markets View (July 2025)
July 14, 2025 | Article
Economy Watch: European View (July 2025)
July 11, 2025 | Article
Economy Watch: US Public Policy and the Economy
April 09, 2025
US Economic Volatility in 2025
February 12, 2025
The Long-term Economic Outlook for the US, Europe, and China
December 11, 2024
The 2025 Global Economic Outlook
November 13, 2024
The Evolving Economic Outlook for Europe
July 10, 2024
The Economic Outlook for Europe
July 12, 2023