Skip to main content
Canada
US
Global
Français
Forecasts
Financial Markets
Economy
Commentaries
Government Finance & Policy
Labor
Real Estate
Consumer
Trade
Business Investment
State & Local Analysis
Commodities & Industry
Future Ready Economy
Media
TD Economics
Economics analysis covering the globe.
Feature
Trending
U.S. FOMC Meeting (December 17-18, 2024)
The Federal Reserve Open Market Committee (FOMC) cut the federal funds rate to the 4.25% to 4.50% range and announced it would continue its balance sheet runoff.
December 18, 2024
Updated Publications
State Economic Forecast
The New England economy is expected to decelerate gradually in 2025, from its solid pace of growth this year. The rebound in the Middle Atlantic economy through the first half of 2024 has begun to weaken. The Upper South Atlantic region is estimated to have grown roughly in line with the U.S. rate this year. The Lower South Atlantic continues to outperform, with all three states that make up the region outperforming the nation this year.
December 17, 2024
Updated Publications
U.S. Quarterly Economic Forecast
Stronger-than-expected growth momentum would have set the stage for a 2025 growth upgrade in the U.S.. However, in light of downside policy risks – notably U.S. tariffs – projected growth rates have been kept largely intact relative to September.
December 12, 2024
Latest Research
Higher Rates Delay U.S. Housing Recovery, But Some Improvement Expected in 2025
After declining through the spring and summer, 30-year mortgage rates rebounded back near 7% this autumn on the back of rising bond yields. Strong economic data and policy-related uncertainty – notably around the new administration’s use of import tariffs – have been key catalysts behind this rate backup. As such, further upward pressure on rates in the near term can’t be ruled out.
December 09, 2024
Latest Research
Economic Outlook Gets Trumped!
Starting points matter for a new administration. President Trump will be inheriting a strong economy that has been beating forecasts by a statistical mile! This works to the advantage of Republicans in 2025. Households have more cushion to absorb some economic pain from a tariff war compared to the economies of trading partners that are treading water.
December 05, 2024
Previous
Next
Updated Publications
Updated Publications
Weekly Bottom Line
December 20, 2024
Updated Publications
Long-Term Forecast
December 18, 2024
Updated Publications
State Economic Forecast
December 17, 2024
Updated Publications
U.S. Quarterly Economic Forecast
December 12, 2024
Previous
Next
Updated Publications
Weekly Bottom Line
December 20, 2024
Updated Publications
Long-Term Forecast
December 18, 2024
Updated Publications
State Economic Forecast
December 17, 2024
Updated Publications
U.S. Quarterly Economic Forecast
December 12, 2024
View more updated publications
Latest Research
Latest Research
Higher Rates Delay U.S. Housing Recovery, But Some Improvement Expected in 2025
December 09, 2024
Latest Research
Economic Outlook Gets Trumped!
December 05, 2024
Latest Research
U.S. Treasury Market Uncertainties: Higher Supply and Shifting Demand
November 19, 2024
Latest Research
Markets Brace For Higher Inflation and Interest Rates Under President Trump
November 06, 2024
Previous
Next
Latest Research
Higher Rates Delay U.S. Housing Recovery, But Some Improvement Expected in 2025
December 09, 2024
Latest Research
Economic Outlook Gets Trumped!
December 05, 2024
Latest Research
U.S. Treasury Market Uncertainties: Higher Supply and Shifting Demand
November 19, 2024
Latest Research
Markets Brace For Higher Inflation and Interest Rates Under President Trump
November 06, 2024
View more latest research
Commentaries
Consumer
U.S. Personal Income & Spending (November 2024)
December 20, 2024
Real Estate
U.S. Existing Home Sales (November 2024)
December 19, 2024
Trending
U.S. FOMC Meeting (December 17-18, 2024)
December 18, 2024
Real Estate
U.S. Housing Starts and Permits (November 2024)
December 18, 2024
Previous
Next
Consumer
U.S. Personal Income & Spending (November 2024)
December 20, 2024
Real Estate
U.S. Existing Home Sales (November 2024)
December 19, 2024
Trending
U.S. FOMC Meeting (December 17-18, 2024)
December 18, 2024
Real Estate
U.S. Housing Starts and Permits (November 2024)
December 18, 2024
View more commentaries