Macroeconomics Quarterly Update


by | Mar 11, 2024


CCA tracks the following 14 economic datapoints, which are some of the common indicators used to monitor the status of the macro economy. A few key takeaways that CCA is monitoring this winter are:

The Fed Remains Committed to Keeping Interest Rates Steady to Improve Inflation


  • The Fed has maintained their position that rates will remain higher for longer, although they are not going to raise rates any higher.
  • Inflation continues to run above the Fed’s target rate of 2.0%, one of the key indicators keeping the Fed from cutting rates.

The Job Market Continues to Remain Robust

  • The unemployment rate held strong to close out the year, remaining at 3.7% in December after economists predicted it would increase to 3.8%.
  • Nonfarm payrolls increased by 353,000 in January, beating expectations of 185,000 jobs.

The Strength of the Consumer Keeps the Economy Resilient

  • The University of Michigan Consumer Sentiment Index value for December was 78.8, the highest index value in more than two years.
  • Consumer spending and retail sales beat economist expectations in December, showing that consumers remain willing to spend despite fears of a recession.
Macroeconomic infographic

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