First quarter 2015 data point to softness in the domestic economy, perhaps brought on by severe winter weather in much of the Northeast, as well as the lingering effects of the West Coast ports’ strike (resolved in mid-February). The fourth quarter 2014 release of GDP was disappointing at 2.2%. Growth was paced by an increase in personal consumption expenditures, along with gains in nonresidential fixed investment and exports.
The complete PDF version of the Spring 2015 Economic & Market Quarterly is available online.
