Overall growth in U.S. gross domestic product fell to 1.6% in the first quarter, but the slowdown was exaggerated by volatile trade and inventory data, which provided a 1.2% drag on overall activity.

Total retail sales jumped 0.7% on the month, while February's number was revised up to 0.9% from 0.6%.

The University of Michigan's consumer sentiment index fell to 77.9 in April from 79.4, according to data released on Friday.

In the aftermath of the liquidity-related bank failures in March 2023, regulatory agencies and leaders have released numerous updates on supervisory expectations and calls for additional regulation.

The primary takeaway from the Federal Open Market Committee's policy statement and forecast is that the Fed, along with other major central banks.

The service sector continued to grow in February for the 14th straight month, according to the Institute for Supply Management on Tuesday.

Using a back-of-the-envelope calculation, we estimate that the sharp rebound in equities last year contributed to an increase of roughly $900 billion in households' stock wealth, or $288 billion in consumer spending.

The Federal Reserve's closely watched measure of inflation, the personal consumption expenditures index, continued to show strength in January, rising by 0.3%

Sales of new homes grew 1.5% in January, much slower than the 7.2% increase in December, most likely because of elevated mortgage rates.

New claims fell by 12,000 to 201,000 for the week ending Feb. 17, according to the Labor Department's data on Thursday.

Just as inflation appeared to be coming under control in recent months, rising tensions in the Middle East have shaken this view and now represent the major risk to our economic and inflation outlooks.

We expect the Fed to begin cutting rates in June, and that the central bank will reduce its policy rate four times this year, by 25 basis points each.

The Federal Reserve shifted its bias on monetary policy away from tightening to a balance of risks that favors neither rate hikes nor cuts.

The overall index eased to 0.9% in the fourth quarter on a seasonally adjusted basis, down from 1.1% in the previous quarter.

The FOMC next week will almost certainly leave its policy rate unchanged between 5.25% and 5.5% and maintain the pace of quantitative tightening.

Inflation dynamics to close out last year strongly point to a near-term return to the Federal Reserve's 2% inflation target amid a solid labor market, strong spending and real income gains.