It's been mostly good news thus far in 2013 for the U.S. economy. It may not be taking off (as evidenced by the lethargic first quarter real GDP growth rate of 1.8%), but it is holding steady and that's better than some expected in the aftermath of the fiscal cliff and sequester. Housing is a bright spot, unemployment gains are slowly materializing, and consumer confidence is stabilizing. Manufacturing, though, continues to hover just above contraction levels. Still, we expect to see continued slow improvement throughout the remainder of the year, along with contained inflation.