The report for December indicates that the economy is neither falling apart nor accelerating in any meaningful way, says Morningstar's Bob Johnson.
But the economy is not all roses, either.
Anticipating that the Fed will prolong its stimulus efforts, markets jumped this week on anemic economic news and so-so earnings.
Lackluster ADP data suggest that August's mediocre job growth likely seeped into September, too, says Morningstar's Bob Johnson.
Why Morningstar's Bob Johnson is not the most optimistic guy on the street.
Last week's GDP revisions gave everyone a chance to revisit where the economy is and where has it been.
Amid shifting consensus estimates, my moderately bullish U.S. GDP growth outlook remains relatively unchanged, writes Morningstar's Bob Johnson.
Even amid market mood swings courtesy of the Fed, steadily rising employment offset weak manufacturing data.
Bernanke and company won't make or break the economy single-handedly.
Despite recent conflicting reports, holiday retail sales should manage decent 3.5% to 4% year-over-year growth once all the data is in, says Morningstar's Bob Johnson.