by sslifer | Jun 21, 2024 | Commentary for the Week, NumberNomics Notes
June 21, 2024 The economic expansion has defied expectations that it would slow markedly in the second half of last year. The Fed raised the funds rate from near 0% to its current level of 5.3% in an extremely short period of time. GDP growth should have slowed. It...
by sslifer | Jun 14, 2024 | Commentary for the Week, NumberNomics Notes
June 14, 2024 Once a quarter the Federal Reserve updates its forecasts for GDP growth, inflation, and interest rates for the next couple of years. Economists agonize over the significance of the Fed’s latest forecasts relative to what it thought three months earlier....
by sslifer | Jun 7, 2024 | Commentary for the Week, NumberNomics Notes
June 7, 2024 The employment report is the first solid piece of data released for any given month. Because it not only provides information on employment but also on hours worked and earnings for the economy as a whole as well as a wide range of different sectors, it...
by sslifer | May 10, 2024 | Commentary for the Week, NumberNomics Notes
May 10, 2024 First quarter GDP growth was weaker-than-expected at 1.6% compared to an expected 2.5% pace. Part of the shortfall was from the trade component which subtracted 0.8% from growth in that quarter. The strength of the dollar has often been cited as the...
by sslifer | May 10, 2024 | Federal Reserve, Interest Rates, NumberNomics Notes
May 10, 2024 . The federal funds rate is the overnight rate that banks charge each other to borrow/lend reserves. Some banks have more reserves than they need. Others (principally large banks) are short of reserves and must borrow from other banks in the system,...
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