FFC's estimate of U.S. real economic growth for 2014 is 1.1%. By contrast, the U.S. Bureau of Economic Analysis' estimate of U.S. real GDP growth for 2014 is 2.4%.
We believe the discrepancy between these two estimates lies in the under-reporting of the GDP deflator used by the BEA.
The good news is both estimates show positive growth for the U.S. economy in 2014.
Current Economic Indicators
|February 27, 2015 (Close of Day)|
|US GDP Growth, %||2.37|
|US Inflation Rate, %||-0.09|
|US Unemployment Rate, %||5.7|
|Gold Price, $/oz||1,214.00|
|WTI Oil Price, $/bbl||49.52|
|US 10 Yr Treasury, %||1.99|