by sslifer | Feb 14, 2025 | Commentary for the Week, NumberNomics Notes
February 14, 2025 The available data available for January are so distorted that it is impossible to get a good reading on the performance of the economy or inflation in the early part of the year. The CPI data for January were higher than expected and made investors...
by sslifer | Feb 14, 2025 | Forecasts, NumberNomics Notes
February 14, 2025 The Fed cut the funds rate again in December to 4.3%. We expect the Fed to continue reducing the funds rate to 4.0% by the end of this year. We saw GDP growth of 2,3% in the fourth quarter. We expect GDP growth in the first quarter of 2.5% and 2.8%...
by sslifer | Feb 14, 2025 | Industrial Production, NumberNomics Notes
February 14, 2025 Industrial production for January rose 0.5% after having jumped 1.0% in December after having declined 0.1 in November. As indicated below, the manufacturing sector declined slightly as car production fell sharply. The January increase was ...
by sslifer | Feb 14, 2025 | NumberNomics Notes, Retail Sales
February 14, 2025 Retail sales fell 0.9% in January after having risen 0.7% in December and 0.7% in November. In the past year retail sales have risen 4.1%. The markets had expected no change in January. It appears that the wildfires in California that raged from...
by sslifer | Feb 13, 2025 | Inflation, NumberNomics Notes
February 13, 2025 The Producer Price Index for final demand includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand rose 0.4% in...
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