— The U.S. economy grew a strong 3.4% annualized in 4th quarter 2023 (per latest estimate); a slowdown to 2.1% is expected for 1st quarter 2024.
– U.S. manufacturing activity expanded in March 2024 after contracting for 16 straight months; higher input prices in March are a concern.
— U.S. consumers’ short-term expectations for income, business and jobs fell to 74 from 76 (per Conference Board index); readings under 80 can signal potential recession.
— The Canadian economy rebounded, with GDP growth of 0.6% in Jan. and higher levels anticipated for Feb; growth was mostly flat or negative in the 2nd half of 2023.
— The U.S Dept. of Energy announced $6 billion to fund 33 demo projects in more than 20 states that slash emissions at industrial plants, producers of 25% of carbon emissions (money is from IRA and Infrastructure Acts).
