by sslifer | Nov 27, 2024 | Consumer
November 27, 2024 Personal consumption expenditures rose 0.4% in October after climbing 0.6% in September. In the past year nominal spending has risen 5.4%. What we are really interested in is “real” or inflation-adjusted spending. That is what goes into...
by sslifer | Nov 27, 2024 | Inflation, NumberNomics Notes
November 27, 2024 There are many different measures of inflation, but the one that the Federal Reserve considers to be most important is the personal consumption expenditures deflator, in particular the PCE deflator excluding the volatile food and energy components....
by sslifer | Nov 27, 2024 | Industrial Production, NumberNomics Notes
November 27, 2024 Durable goods orders rose 0.2% in October after having fallen 0.4% in September. Durable goods orders have risen 2.7% in the past year. Much of the change in durables is frequently in the transportation sector — airplanes, cars, and trucks. ...
by sslifer | Nov 27, 2024 | Employment, NumberNomics Notes
November 27, 2024 Initial unemployment claims fell 2 thousand in the week ending November 23 to 213 thousand after declining 4 thousand in the previous week. This series has risen slightly in the past six months. The 4-week average of claims was 210 thousand at...
by sslifer | Nov 26, 2024 | Housing, NumberNomics Notes
November 26, 2024 New home sales plunged by 17.3% in October to 610 thousand after having risen 7.0% in September. However, the drop was almost exclusively in the South and clearly the result of the combo of Hurricanes Milton and Helene. Sales will rebound over the...
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