I usually wait to post economic indicators on my Sunday Control Panel post. But these seem too timely to wait.
See discussion.fool.com - Leading economic indicators cold front for all active links.

This reminds me of the time my family was out fishing and my dad raced for harbor after seeing an approaching cold front.

atlantafed.org: GDPNow - Federal Reserve Bank of Atlanta

The Atlanta Fed’s GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2025 is -2.8 percent on March 3, down from -1.5 percent on February 28. After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcast of first-quarter real personal consumption expenditures growth and real private fixed investment growth fell from 1.3 percent and 3.5 percent, respectively, to 0.0 percent and 0.1 percent.

Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024, according to the second estimate. In the third quarter, real GDP increased 3.1 percent.

bea.gov - Gross domestic product
Gross Domestic Product | U.S. Bureau of Economic Analysis (BEA)

The Atlanta Fed’s model tends to be accurate so this rapid decline is concerning.

St. Louis Fed (FRED): Initial Claims (ICSA) | FRED

Initial unemployment claims increased to 242,000. This is probably noise. But it doesn’t include laid-off government workers. The government is the largest employer in the U.S.

ismworld.org - ISM report on business
Economic activity in the manufacturing sector expanded slightly for the second month in a row in February after 26 consecutive months of contraction, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. Demand weakened. Uncertainty over tariffs has caused confusion. Manufacturing is only a small part of the economy but the more important Services report hasn’t been updated yet.

Industrial production has been stable (hasn’t grown) since the end of the pandemic.

Industrial Production: Total Index

The leading economic index looks OK but other indicators are more pessimistic.

Leading Index for the United States

Economic optimism is fading.

Treasury spreads are following a pattern which is typical of pre-recession. The entire yield curve has dropped in the past week. The short end is now lower than the fed funds rate.

Stock market indicators are falling rapidly.

The METAR is for an incoming cold front. It’s too soon to say how serious.

Wendy