by sslifer | Feb 16, 2024 | Commentary for the Week, NumberNomics Notes
February 16, 2023 Market participants have finally realized that seven rate cuts in 2024 were not going to happen. They now anticipate four. That seems far more reasonable. There is simply no reason for the Fed to rush. Fourth quarter GDP growth was robust at...
by sslifer | Feb 9, 2024 | Commentary for the Week, NumberNomics Notes
February 9, 2024 The Federal Reserve Bank of New York provides an in depth look at consumer borrowing every quarter. Data for the fourth quarter reveal that consumer debt continued to grow steadily. But consumer debt in relation to GDP – which measures the...
by sslifer | Feb 7, 2024 | Consumer, NumberNomics Notes
February 7, 2025 The preliminary estimate of consumer sentiment for February fell 3.3 points to 67.8 after declining 2.9 points in January. The January level is the lowest since July of last year. Surveys of Consumers Director Joanne Hsu said, “Consumer...
by sslifer | Feb 2, 2024 | Commentary for the Week, NumberNomics Notes
February 2, 2024 At first blush the employment report for January appears to be an upside blowout. Payroll employment surged by 353 thousand when a gain of 175 thousand had been expected. Average hourly earnings jumped 0.6% in January versus an increase of 0.3%...
by sslifer | Feb 2, 2024 | Commentary for the Week, NumberNomics Notes
February 2, 2024 The IMF revised its global and individual country GDP growth estimates at the end of January. The most notable finding is that GDP growth in China is expected to remain anemic for the foreseeable future at a pace that is roughly one-half of its...
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