2Q 2014 U.S. GDP
The second quarter 2014 U.S. GDP grew at +3.9%, annualized, or +2.4% year-over-year. 2Q 2014 GDP growth was boosted by an unexpected jump in sales of durable goods and a higher than expected increase in business inventories. Since this is the first estimate, we expect the GDP growth to come down in subsequent estimates.
New, Single Family Home Sales
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.
S&P 500 Stock Index Forecast
Stock Market Chart with Outlook
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Current Economic Indicators |
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| July 31, 2014 (Close of Day) | |
|
Indicator |
Value |
| Global Stock Markets Growth, % | -0.96% |
| US GDP Growth, % | 3.90 |
| US Inflation Rate, % | 2.07 |
| US Unemployment Rate, % | 6.1 |
| Gold Price, $/oz | 1285.25 |
| WTI Oil Price, $/bbl | 97.75 |
| US 10 Yr Treasury, % | 2.58 |