The U.S. Bureau of Economic Analysis reported last week that U.S. Gross Domestic Product (GDP), which is the largest measure of the value of goods and services, expanded at a 6.4% annualized pace in Q1 vs 4.3% in the final three months of 2020.
Investors are eagerly awaiting two big events this week: the conclusion of the Fed’s two-day meeting on Wednesday and Thursday’s release of Q1 GDP.
The fed funds rate is hovering near zero, and the Fed continues to purchase $120 billion in Treasury bonds and mortgage-backed securities each month.
The National Bureau of Economic Research (NBER) is not a household name. Outside of economists, few are familiar with the group. It’s importance: the 101-year-old organization is considered to be the official arbiter of recessions and economic expansions.
Have you ever driven down the road and hit a string of green lights? Or the radio is on and it’s one favorite after another.
The major U.S. stock market indexes are at or near all-time highs, and well-diversified investors have benefitted.