by sslifer | Feb 3, 2021 | Union Charts
February 3, 2021 Unions have been extremely successful in attracting higher wages and benefits for their members when compared to comparable earnings for non-union workers. In 2020 union members earned $1,144 per week which is 19% higher than the $958 earned by...
by sslifer | Feb 3, 2021 | Federal Reserve, Interest Rates, NumberNomics Notes
February 3, 2021 Once the recession began in December 2007 the Fed tried to stimulate the economy and ultimately pushed the funds rate almost to 0%. It remained at that record low level until December 2015 With the funds rate at 0% and inflation persistently falling...
by sslifer | Feb 3, 2021 | Housing, Interest Rates, NumberNomics Notes
February 3, 2021 Once the recession began in December 2007 the Fed tried to stimulate the economy and ultimately pushed the funds rate almost to 0%. It remained at that record low level until December 2015 .Right after the election in November 2016 mortgage rates...
by sslifer | Jan 29, 2021 | Commentary for the Week, NumberNomics Notes
January 29, 2021 The Fed currently pegs the federal funds rate at 0%. Clearly that is a low rate. But exactly how low is it? What might be regarded as a neutral level for the funds rate? It is not an easy question to answer because the neutral rate seems to be...
by sslifer | Jan 22, 2021 | Commentary for the Week, NumberNomics Notes
January 22, 2021 President Biden has proposed an additional fiscal stimulus package of $1.9 trillion. A significant part of the spending takes the form of a $1,400 cash payment to taxpayers on top of the $600 payment that was approved in December and sent out earlier...
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