Freight Waves (May 8)
2025/ 05/ 09 by jd in Global News
“Despite rampant fears, America’s economy looks fundamentally solid.” Q1 results were not as bad as the hype. For example, “Q1 saw consumer spending rise 1.8% on top of Q4’s 4% quarterly growth, which was the highest such growth since Q1 2023.” Private domestic investment rose by nearly 22%. Moreover, April brought “shockingly robust” results for the U.S. labor market, which “added 177,000 nonfarm jobs… blowing past consensus for a gain of 138,000 and topping even Wall Street’s highest estimate of 171,000.”
Tags: Estimate
