With conditions changing by the hour, traditional economic data points — typically released monthly or quarterly with a lag — prove less helpful. Here are some better ways to gauge economic health.
Financial turmoil has some people wondering if a systemic problem is putting all banks in peril, as in the Great Recession. Experts say that isn’t the case.Each Friday around 4:15 p.m. in Washington the Fed releases a slew of information on assets and liabilities at the nation’s commercial banks. Statistics on consumer, real estate and commercial loans are all included, as well as broken out into broader categories based on bank size.
Early indications are that the upheaval in the banking sector is having an effect. A measure by Penta and CivicScience showed confidence in the U.S. economy fell by theThe University of Michigan’s March survey of consumers, released Friday, was conducted Feb. 22-March 15. About 85% of the interviews were completed prior to the failure of Silicon Valley Bank, according to the report.
The National Federation of Independent Business, a small-business association, regularly polls its members on topics such as hiring plans, capital expenditures and ease of getting a loan. The NFIB released its latest results earlier this week, so the next reading won’t come for about another month. Reports come out on the second Tuesday of each month.
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