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A Review of Key Quarterly Data

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This week's Economic Perspective takes a look at key quarterly data.
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The government released important quarterly data last week regarding first quarter GDP along with data pertaining to wage and price inflation. Last week was also the biggest week for first quarter earnings reports, with more than 50% of companies in the S&P 500 reporting Q1 results through last Friday. Collectively, the data reflect an economy that is expanding at a moderate but sustained pace along with a corporate sector that has been able to maintain high levels of profitability, despite massive headwinds. In the negative column, last week’s government reports on consumer prices and wages show that although inflation has peaked and is in a downtrend, the pace of the decline is disappointingly slow... READ MORE

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May 1, 2023
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