Near-record low mortgage rates may provide some support for housing activity eventually. However, disruptions from COVID-19 are likely to dominate economic activity for March and the second quarter.
READ MORERetail sales were broadly weak in February and are likely to show significant weakness as the effects of quarantines and lockdowns materialize, increasing the risk of recession later this year.
READ MORENew York Fed Survey shows a sharp drop in business conditions for local manufacturers, likely a result of COVID-19.
READ MORESmall-business confidence remained robust in February; labor-market issues are the top concern.
READ MOREAIER’s Leading Indicators Index remains close to neutral; COVID-19 threatens the outlook. Extreme caution is warranted.
READ MOREThe U.S labor market had strong momentum prior to the outbreak of COVID-19, however the severity of disruptions to economic activity is still unknown. Extreme caution is warranted.
READ MOREThe nonmanufacturing sector expanded in February. However, the effects of the COVID-19 outbreak are still growing and represent a very substantial risk to the economic outlook.
READ MOREThe ISM PMI weakened in February suggesting a delay in any significant turnaround for manufacturing.
READ MORERevised real gross domestic product rose at a 2.1 percent annualized rate in the fourth quarter. Details show that persistent economic growth remains dependent on consumers.
READ MORECapital-goods orders remain in a flat trend, but at a high level. Continued economic expansion remains the most likely path but caution is warranted.
READ MOREConsumer confidence remained high in February, supported by a positive outlook for the economy and labor market. However, persistently rising home prices are weighing on housing activity.
READ MOREExisting-home sales fell 1.3 percent in January and remain in a broad flat trend. Housing activity is unlikely to move significantly higher in the coming months.
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