4428 outlook

Economic Outlook: March 1, 2019

Feb 28, 2019  | Ep4428

When consumers bought fewer gifts in December they did purchase a few shiny new cars but held off on building a new home.--

Orders for durable goods rose 1.2 percent in December.

Without new cars in the mix, the rate declined 0.6 percent from November’s number.

The number of homes being built in December fell 11.2 percent – the lowest rate in 2 years.

Gross domestic product grew at an annualized rate of 2.9 percent after surging more than 4 percent in the 3rd quarter.

The large jumps have the Fed playing a game of wait-and-see with interest rates.

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