US Growth Picture Remains Blurry

Big Picture

May 29, 2015

It was a busy week in the world’s largest economy as a string of economic reports was released south of the border. The reports were mixed in terms of positive and negative news adding little clarity as to the on-again, off-again US economic recovery and, by de facto, the timing and mechanics of a potential interest rate rise. Housing continues to be a bright spot as sales of newly built homes jumped 6.8% in April outpacing expectations of a 6.0% rise.

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