by sslifer | Dec 13, 2019 | NumberNomics Notes, Retail Sales
December 13, 2019 Retail sales rose 0.2% in November after rising 0.4% in October. During the past year retail sales have risen 3.5%. Sometimes sales can be distorted by changes in autos and gasoline both of which can be quite volatile. In this particular instance...
by sslifer | Dec 12, 2019 | Federal Reserve, NumberNomics Notes
December 12, 2019 Growth in the M-2 measure of the money supply has been steadily slowing and is now growing at a 7.2% pace. To know whether that rate is too fast or two slow, the Fed needs to look at the relationship between growth in the money supply and growth in...
by sslifer | Dec 12, 2019 | Inflation, NumberNomics Notes
December 13, 2019 .The Producer Price Index for final demand – intermediate demand includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices...
by sslifer | Dec 12, 2019 | Employment, NumberNomics Notes
December 12, 2019 Initial unemployment claims rose 49 thousand in the week ending December 7 to 252 thousand. The four-week average of claims rose 6 thousand to 224 thousand. The 4-week average for the week of April 13 of 202 thousand was the lowest for the current...
by sslifer | Dec 11, 2019 | Inflation, NumberNomics Notes
December 11, 2019 Gasoline prices at the retail level fell $0.02 in the week ending December 9 to $2.56 per gallon. In South Carolina gasoline prices tend to about $0.25 below the national average or about $2.31. The Department of Energy expects national gasoline...
by sslifer | Dec 11, 2019 | Inflation, NumberNomics Notes
December 11, 2019 The CPI rose 0.3% in November after having jumped 0.4% in October. During the past year the CPI has risen 2.0%. Food prices rose 0.1% in November after having fallen 0.2% in October Food prices have risen 1.9% in the past twelve months. These...
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