FFC is forecasting second quarter 2014 GDP growth of +2%, annualized. 2Q 2014 GDP growth is projected to be +1.4% year-over-year which is inline with prior forecasts.
FFC is forecasting sales of new, single family homes in the U.S. for 2014 will be 440 thousand homes. This is a projected 2.6% increase over the 429 thousand homes sold in 2013. For reference, here is the historical data for new home sales.
Current Economic Indicators
|July 25, 2014 (Close of Day)|
|Global Stock Markets Growth, %||-0.10|
|US GDP Growth, %||-3.00|
|US Inflation Rate, %||2.07|
|US Unemployment Rate, %||6.10|
|Gold Price, $/oz||1,294.75|
|WTI Oil Price, $/bbl||102.09|
|US 10 Yr Treasury, %||2.48|