March 2024 Economic Forecast: A Modest Improvement In Our Index Predicting Little Change In Main Street Growth

Authored by Steven Hansen

EconCurrent‘s Economic Index modestly improved but continues insignificantly in negative territory. We continue to forecast that a recession is not imminent. One indicator (Conference Board Leading Economic Index) is no longer signaling a recession, but there remain three other major indicators that are.  Read on to understand the currents affecting our economic growth.

February 2024 Economic Forecast: Index Again Modestly Declined But Remains Well Above Levels Associated With Recession

Authored by Steven Hansen

EconCurrent‘s Economic Index again declined and continues slightly in negative territory. Being slightly in negative territory is not necessarily indicative of a recession, and we continue to believe a recession is not imminent. There remain four major indicators signaling a recession.  Read on to understand the currents affecting our economic growth.

January 2024 Economic Forecast: Our Index Turns Slightly Negative

Authored by Steven Hansen

EconCurrent‘s Economic Index again declined and is now slightly in negative territory. Being slightly in negative territory is not necessarily indicative of a recession, and we continue to believe a recession is not imminent. There remain four major indicators signaling a recession.  Read on to understand the currents affecting our economic growth.

The State of Joe Sixpack in 3Q2023: Joe Should Feel Financially Better Off

Written by Steven Hansen

The Federal Reserve data release (Z.1 Flow of Funds) – which provides insight into the finances of the average household – shows a decrease in average household net worth from the previous quarter but up from one year ago. Our modeled “Joe Sixpack” – who owns a house and has a job, but essentially no other asset – is better off than he was a year ago.

The State of Joe Sixpack in 2Q2023: The Average Joe’s Situation Improved

Written by Steven Hansen

The Federal Reserve data release (Z.1 Flow of Funds) – which provides insight into the finances of the average household – shows an increase in average household net worth and an improvement in income. Our modeled “Joe Sixpack” – who owns a house and has a job, but essentially no other asset – is better off than he was last quarter.

September 2023 Economic Forecast: Our Forecast Continues To Suggest No Recession But Our Index Continues To Decline

Authored by Steven Hansen

EconCurrent‘s Economic Index again declined and now has entered negative territory. We do not see a recession baked in but there continue to be three major indicators signaling a recession.  Read on to understand the currents affecting our economic growth.

August 2023 Economic Forecast: Modest Slowing Of Our Forecast But It Continues To Suggest No Recession Is In The Works

Authored by Steven Hansen

EconCurrent‘s Economic Index modestly declined but remains in positive territory. We do not see a recession baked in but there are three major indicators signaling a recession (no change from last month)  Read on to understand the currents affecting our economic growth.