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,...
by sslifer | May 3, 2024 | Commentary for the Week, NumberNomics Notes
May 3, 2024 Economists have been waiting for the economy to slow for more than a year. Their dire warning of a recession last year proved completely off base as firms continued to hire workers and consumers continued to spend, but perhaps the economy is finally...
by sslifer | Apr 26, 2024 | Commentary for the Week, NumberNomics Notes
April 26, 2024 The slower-than-expected 1.6% GDP growth rate in the first quarter and the faster-than-expected increase in the core personal consumption expenditures deflator of 3.7% was generally regarded as the worst of both worlds. That is not quite true. ...
by sslifer | Apr 19, 2024 | Commentary for the Week, NumberNomics Notes
April 19, 2024 Economic forecasts have been notably inaccurate for the past couple of years. Virtually every economist expected a recession in the second half of last year. But growth for the year was a solid 3.1%. Most economists expected the inflation...
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