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NWSOFA Fiscal and Economic Issues group ZOOM on August 21st
August 21, 2023 @ 7:00 pm - 9:00 pm
NWSOFA Fiscal and Economic Issues group ZOOM on August 21st
RSVP: https://act.indivisible.org/event/local-actions/164565/signup/
Just updated the next meeting date. The below information is from the July meeting with a few updates. It will be further updated before the August 21st meeting.
Good news in recent economic data – it looks like we are heading for a soft landing:
– the debt ceiling increased until 2025
– nonfarm payrolls increased by 209,000 in June
– the unemployment rate was 3.6% in June
– The twelve month CPI has declined from 9.1% last June (2022) to 3.0% in June 2023. Twelve month PCE inflation was also at 3.0% in June 2023
– First quarter Real GDP growth was revised up to 2.0%. Initial estimate of second quarter real GDP was 2.4%
The NWSOFA Fiscal and Economic Issues group will meet on Monday, August 21st 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.
David and Karl will be updating the fiscal and economic data. Come discuss the current state of the US economy.
Bottom line is that the data through June show a slowing economy that was still strong.
On Monday, August 21st, David and Karl will try to explain what this all means.
A draft of our July PowerPoint presentation can be found at https://docs.google.com/presentation/d/1ZEUcZ8E32rX9UL-rQu6KtuSECQxofBB6/edit?usp=sharing&ouid=118152796039843164051&rtpof=true&sd=true
Videos of past meetings, including the June meeting, can be found at https://www.youtube.com/channel/UCiw8EhKA-e2l3_gM9FVYX2g
June’s meetings are at https://www.youtube.com/watch?v=Dc_JaEVXQKk&t=1603s and https://www.youtube.com/watch?v=JrKv4vDCFj4
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