by sslifer | Oct 24, 2024 | Commentary for the Week, NumberNomics Notes
October 25, 2024 On Thursday we will get our first look at third quarter GDP growth. The Atlanta Fed’s GDPNow forecast suggests it will be 3.4%. But we know from the employment report that hours worked in the quarter edged up by just 0.2% which suggests that GDP...
by sslifer | Oct 24, 2024 | Forecasts, NumberNomics Notes
October 24, 2024 The Fed cut the funds rate 0.5% in September which puts it in a range from 4.75%-5.0%. It was the first of what will prove to be a series of rate cuts ultimately reducing the funds rate to 3.3% We now expect GDP growth of 3.0% in the third quarter...
by sslifer | Oct 24, 2024 | Commentary for the Week, NumberNomics Notes
2025 Economic Outlook Conference In times of uncertainty whether you are running a business or planning your investments, knowledge can be your most valuable asset. Stephen Slifer, Owner and Chief Economist at NumberNomics will provide insight regarding...
by sslifer | Oct 23, 2024 | Housing, NumberNomics Notes
October 23, 2024 . Existing home sales declined 1.0% in September to 3,840 thousand after falling 2.0% in August and rising 1.5% in July. The recent slide in mortgage rates and further Fed easing between now and yearend should boost sales in the next few months....
by sslifer | Oct 18, 2024 | Commentary for the Week, NumberNomics Notes
October 18, 2024 Fiscal year 2024 ended with a yawning budget gap of $1.9 trillion. Another $1.9 trillion was added to the already record amount of debt outstanding with much more to come. The baseline deficit projections from the Congressional Budget Office do not...
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