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NWSOFA November Fiscal and Economic Issues group ZOOM

Arlington Heights, IL 60005
When: Monday, December 18, 7:00 PM

There will be no November Fiscal meeting this month. Our next meeting will be Monday, December 18th.

But I wanted to let everyone know that the videos from the October meeting are out (links below). Plus the first estimate of 3rd quarter real GDP growth is 4.9%. Combined with +330,000 jobs added in September, things are looking pretty good.

The NWSOFA Fiscal and Economic Issues group will meet on Monday, December 18th at 7 pm. The Zoom room will open by 6:50 pm. Come join us, catch up on this year's economic news and share your thoughts.

Mostly good news in recent economic data - it looks like we are heading for a soft landing:
- the debt ceiling increased until 2025, but credit rating lowered because we came close to not raising it
- nonfarm payrolls increased by 336,000 in September
- the unemployment rate was 3.8% in September
- The twelve month CPI has declined from 9.1% last June (2022) to 3.6% in August 2023. Twelve month PCE inflation was at 3.5% in August 2023
- First quarter Real GDP growth was revised up to 2.0%. Third estimate of second quarter real GDP remained at 2.1%
- Our meetings are recorded and the links are below. I encourage you to check out discussions from our prior meetings, especially the discussion with Mark Walker on Illinois at September's meeting.



David and Karl will be updating the fiscal and economic data over the next two weeks. Come discuss the current state of the US economy.

Bottom line is that the data through September show a growing economy that is still strong. Potential headwinds include a future government shutdown, a UAW strike, and the resumption of student loan payments.

On Monday, October 16th, David and Karl will try to explain what this all means.

A draft of our October PowerPoint presentation can be found at https://docs.google.com/presentation/d/1LahVrGL99M-AwssCkWXa6RCFbRnKx0a9/edit?usp=sharing&ouid=118152796039843164051&rtpof=true&sd=true

Videos of past meetings, including the October meeting, can be found at https://www.youtube.com/channel/UCiw8EhKA-e2l3_gM9FVYX2g

Videos of our October meeting are at https://www.youtube.com/watch?v=Y_0I-0slENM&t=697s and https://www.youtube.com/watch?v=7-Smp1PT8ok


After registering, you will receive a confirmation email containing information about joining the meeting.

Link to event information: https://us02web.zoom.us/j/82859573341?pwd=bE14dFE2azJpSy8wYUZOV2RGNkpPdz09

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