by sslifer | Sep 8, 2023 | Uncategorized
Final week of vacation. Back next week.
by sslifer | Sep 1, 2023 | Uncategorized
September 1, 2023 Away this week.” Took a fast look at the employment report. Jobs OK, but lost a few jobs from Yellow Trucking. Plus, the workweek rose 0.1 hour which is the equivalent of lots more jobs. But the modest rise in average hourly earnings is...
by sslifer | Aug 25, 2023 | Commentary for the Week, NumberNomics Notes
August 25, 2023 How high must the funds rate go before the Fed says it is done tightening? When might the Fed begin to lower the funds rate? Fed Chair Powell refuses to answer either of those questions for two good reasons. First, the Fed never wants to be locked...
by sslifer | Aug 18, 2023 | Commentary for the Week, NumberNomics Notes
October 18, 2023 The budget problem has arrived. Budget deficits are averaging $2.0 trillion which means that the government must issue an equivalent amount of debt every year to pay its bills. As a result, debt in relation to GDP is expected to climb to 119% by...
by sslifer | Aug 11, 2023 | Commentary for the Week, NumberNomics Notes
August 11, 2023 In the wake of the July CPI data there is a growing perception that inflation is steadily subsiding and that the Fed will not need to increase the funds rate further. We are not so sure. Several factors seem important. First, will the economy slow...
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