by sslifer | Feb 26, 2021 | Commentary for the Week, NumberNomics Notes
February 26, 2021 For the first time in a long while bond market participants are concerned about inflation rising as the result of a combination of factors. The economy already has a head of steam with about 8.0% GDP growth expected in the first quarter. The...
by sslifer | Feb 26, 2021 | Commentary for the Week, NumberNomics Notes
February 26, 2021 The Federal Reserve Bank of New York recently released its quarterly report on consumer debt which rose by $206 billion in the fourth quarter to a record high level of $14.56 trillion, driven in part by a steep increase in mortgage originations. ...
by sslifer | Feb 26, 2021 | Consumer, NumberNomics Notes
February 26, 2021 . The final estimate for February was 76.8 compared to a preliminary estimate of 76.9. Thus, consumer sentiment for February fell 2.2 points. Consumer sentiment has been flopping around in a narrow range for the past several months. It remains...
by sslifer | Feb 26, 2021 | Consumer
February 26, 2021 Personal consumption expenditures jumped 2.4% in January after having fallen 0.4% in December. The $600 tax refund checks bolstered consumer income in January but much of that remains unspent as evidenced by the jump in the savings rate to 20.5%. ...
by sslifer | Feb 26, 2021 | Inflation, NumberNomics Notes
February 26, 2021 There are many different measures of inflation, but the one that the Federal Reserve considers to be most important is the personal consumption expenditures deflator, in particular the PCE deflator excluding the volatile food and energy components....
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