by sslifer | Apr 21, 2023 | Commentary for the Week, NumberNomics Notes
April 21, 2023 The biggest mistake the Fed has made in recent years was believing that the run-up in inflation that began once the recession ended in April 2020 was going to be temporary. Fed officials maintained that view for 20 months. It was not until December...
by sslifer | Apr 7, 2023 | Uncategorized
April 7, 2023 Still away this week. Back on Aprfil 23. But could not resist a fast look at the employment report for March. Payroll employment increased by 236 thousand which was about as advertised. But the nonfarm workweek fell 0.1 hour to 34.4 hours. The...
by sslifer | Mar 31, 2023 | Uncategorized
I am traveling for the next couple of weeks. Back on April 23. Stephen Slifer
by sslifer | Mar 24, 2023 | Commentary for the Week, NumberNomics Notes
March 24, 2023 The Federal Reserve as an institution will never say it expects a recession. But Fed governors and Federal Reserve Bank presidents individually may have that expectation. That seems to be the case at the moment. This past week we learned more about...
by sslifer | Mar 17, 2023 | Commentary for the Week, NumberNomics Notes
March 17, 2023 The banking crisis has now swallowed three U.S. institutions — Silvergate, Silicon Valley Bank, and Signature Bank — and threatens First Republic Bank. There was a legitimate fear that other regional banks could have similar difficulties. ...
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