{"id":17060,"date":"2026-04-02T09:21:48","date_gmt":"2026-04-02T13:21:48","guid":{"rendered":"https:\/\/www.eastwindsorchamber.com\/site\/?p=17060"},"modified":"2026-04-02T09:30:40","modified_gmt":"2026-04-02T13:30:40","slug":"april-economic-pulse-from-state-comptroller","status":"publish","type":"post","link":"https:\/\/www.eastwindsorchamber.com\/site\/april-economic-pulse-from-state-comptroller\/","title":{"rendered":"April Economic Pulse (from State Comptroller)"},"content":{"rendered":"\n\n\n
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Happy April!<\/h1>\n

Here’s to the madness spilling into another month for both Huskies teams!<\/h1>\n

As always, our\u00a0full report\u00a0<\/a>features a discussion of what’s changing in the economy, updated housing and labor stats, and more.<\/p>\n

This month, we spotlight household debt across the country and here in Connecticut. What’s driving it, how bad is it, and what does this mean for consumer spending and the larger economy?<\/p>\n

Stay sharp, stay informed, and keep your finger on the pulse,<\/p>\n

Comptroller Sean Scanlon<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Quick Beat<\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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General Fund Balance:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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-$6.0\u00a0million<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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Special Transportation Fund Surplus:<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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$47.4\u00a0million<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Outlook:\u00a0Recession risk increased in March, as the US-Israeli war in Iran triggered a massive shock to global oil and natural gas supplies. Most economists still expect to avoid a recession in the U.S. economy in 2026, as long as the hostilities end soon, but it depends on how long benchmark oil prices remain above $100 per barrel. U.S. real GDP growth was revised down by half to 0.7% for Q4 2025 (SAAR), showing that even before the war, the economy was slowing more than previously thought.<\/p>\n

Fed Chair Powell said the labor market appeared to be in balance but with essentially zero monthly job growth\u2014uncharted territory for the U.S. economy that has recently seen growth in the pool of available workers shrink alongside a significant slowdown in hiring by companies. The Fed kept its key interest rate unchanged at 3.5-3.75% in March. Annual inflation according to the PCE Price Index was 2.8% in January, significantly above the Fed\u2019s 2% target even before the Iran war.<\/p>\n

Connecticut home buying activity was slow in February, and a spike in mortgage rates is coming at the worst time\u2014right as peak season gets underway. A rising rental vacancy rate is welcome news to renters and points to slower Connecticut rent growth in the year ahead.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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KEY DATES THIS MONTH<\/p>\n

 <\/p>\n

4\/3 \u2013 March U.S. jobs report<\/p>\n

4\/7 \u2013 January CT jobs report<\/p>\n

4\/9 \u2013 CT 2025 Q4 GDP & personal income; U.S. 2025 Q4 GDP 3rd estimate<\/p>\n

4\/10 \u2013March CPI inflation report<\/p>\n

4\/21 \u2013February CT jobs report<\/p>\n

4\/28-4\/29 \u2013 U.S. Federal Reserve FOMC rate-setting meeting<\/p>\n

4\/30 \u2013 U.S. 2026 Q1 GDP 1st estimate<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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The share of Connecticut consumer debt in serious delinquency rose across all major categories in 2025. This month’s spotlight examines the mortgages, auto loans, and student loans we carry.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Learn more<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n
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The projected General Fund balance for the current fiscal year is -$6.0 million. We explain the revenue and expenditure changes driving that, and what we can expect as the fiscal year goes on.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Read more<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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It\u2019s a challenging time for Connecticut farmers.\u00a0Rising input costs, labor difficulties, climate change, health insurance access and shifting consumer preferences are all issues Connecticut farmers are facing this year.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Learn more<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n\n\n\n\n
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Sustained global oil prices over $100 per barrel and other supply chain disruptions are driving up costs for gas, heating oil, diesel fuel, plane tickets, mortgages and likely food as well.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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What’s the latest?<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Was this newsletter forwarded to you? Sign up to get it first here!<\/a><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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The Office of the State Comptroller |\u00a0165 Capitol Ave\u00a0|\u00a0Hartford, CT 06106 US<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Happy April! Here’s to the madness spilling into another month […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-17060","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.eastwindsorchamber.com\/site\/wp-json\/wp\/v2\/posts\/17060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eastwindsorchamber.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eastwindsorchamber.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eastwindsorchamber.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eastwindsorchamber.com\/site\/wp-json\/wp\/v2\/comments?post=17060"}],"version-history":[{"count":1,"href":"https:\/\/www.eastwindsorchamber.com\/site\/wp-json\/wp\/v2\/posts\/17060\/revisions"}],"predecessor-version":[{"id":17061,"href":"https:\/\/www.eastwindsorchamber.com\/site\/wp-json\/wp\/v2\/posts\/17060\/revisions\/17061"}],"wp:attachment":[{"href":"https:\/\/www.eastwindsorchamber.com\/site\/wp-json\/wp\/v2\/media?parent=17060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eastwindsorchamber.com\/site\/wp-json\/wp\/v2\/categories?post=17060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eastwindsorchamber.com\/site\/wp-json\/wp\/v2\/tags?post=17060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}