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Where the U.S. Economy Stands in Q4 2022

Where the U.S. Economy Stands in Q4 2022

| February 20, 2023

We are pleased to share our latest U.S. Macroeconomic Dashboard.  Our dashboard is updated quarterly and offers a high-level perspective of where we currently stand in the economic cycle based on the status of twelve economic sub-cycles. 

The U.S. economy is currently in the Growth Slowing phase of the economic cycle, based on our dashboard indicators.

Access our Macro Dashboard


Real GDP growth moderated in Q4, but to a still solid pace, supported by inventories and net exports. But private domestic demand weakened, including slower consumer and business spending growth, and residential investment continued to sink. Inflation eased, although the labor market remained tight. These conflicting cross currents signal elevated uncertainty in the economic outlook, which we expect will lead to continued volatility in financial markets.

Our team closely monitors the economy and capital markets and will keep you apprised of important developments that may impact your investment portfolio.  Should you wish to discuss in more detail, please contact us. 

Sincerely,