Tag: economic insights
This series will explore our monthly State of the Economy report, which provides a snapshot of the top monthly economic and credit data for financial service professionals to proactively shape their business strategies. The U.S. economy remains on solid footing, as GDP grew at a healthy 2.8% rate in Q3, driven by consumer spending. Alongside growth, inflation ticked up, while the labor market eased across several measures. In response to these developments, the Federal Reserve announced a quarter-point cut in November, with another cut penciled in for December. The November State of the Economy report fills in the rest of the macroeconomic story. This month’s highlights include: Annual headline inflation ticked up from 2.4% to 2.6%. 12,000 jobs were added in October, amid hurricane and strike impacts. Retail sales increased by 0.4% in October. Check out the full report for a detailed analysis of the rest of this month’s data, including the latest trends in originations, job openings, and growth. Download November's report As our economy continues to fluctuate, it’s critical to stay updated on the latest developments. Subscribe to our new series, The Macro Moment, for economic commentary from Experian NA’s Chief Economist, Joseph Mayans, with additional economic resources, including our new Election Eve’s Scenario Forecasts report. For more economic trends and market insights, visit Experian Edge.
Our Econ to Action podcast series dives into the top economic trends and the implications of those trends in the market. In each episode, we explore the challenges different market segments are facing and how businesses in the segment are navigating the current economic climate. Listen to our host, Josee Farmer, Economic Analyst, discuss these topics with other Experian experts. In a special episode of Econ to Action to commemorate the start of the new year, Josee is joined by three market experts to discuss the 2024 forecast. The experts discuss the broader U.S. economic forecast, according to the Federal Reserve’s SEP (Summary of Economic Projections), as well as the forecasts for the mortgage, collections and national bank market segments. Shawn Rife, Client Executive, returns to Econ to Action with more collections insights, along with new guests Kendall Hellman, Senior Account Executive, Strategic Sales and Rob Rollo, Senior Account Executive, Strategic Mortgage Sales. Watch our first video episode and learn how the 2024 forecast will affect the market. Be sure to go back and catch up on previous episodes on our Econ to Action podcast hub and visit Experian Edge for our latest economic, credit and market insights.