by sslifer | Oct 1, 2024 | Housing, NumberNomics Notes
October 1 2024 Construction spending (the green bars above) declined 0.1% in August after having fallen 0.5% in July and 1.1% in June. Construction spending climbed sharply in the first four months of this year, but it has...
by sslifer | Aug 29, 2024 | Miscellaneous
August 29, 2024 Corporate profits from current production (corporate profits before tax with inventory valuation and capital consumption adjustments) rose by $57.6 billion in the second quarter which works out to an annualized rate of increase of 7.0% after after...
by sslifer | Aug 6, 2024 | Miscellaneous, NumberNomics Notes
August 6, 2024 The trade deficit narrowed by $1.9 billion in June to $73.1 billion after having widened by $0.5 billion in May t it has been gradually widening since the beginning of the year in response to the stronger dollar. Exports rose $3.9 billion or 1.5% in...
by sslifer | May 10, 2024 | Federal Reserve, Interest Rates, NumberNomics Notes
May 10, 2024 . The federal funds rate is the overnight rate that banks charge each other to borrow/lend reserves. Some banks have more reserves than they need. Others (principally large banks) are short of reserves and must borrow from other banks in the system,...
by sslifer | Apr 4, 2024 | Consumer
April 4, 2024 .Consumer net worth jumped 12.8% in the fourth quarter of last year. after declining 3.7% in the third quarter Over the past year consumer net worth has increased 8.0%. The growth in net worth reflects both the steady increase in stock prices during the...
by sslifer | Apr 4, 2024 | Consumer, NumberNomics Notes
April 4, 2024 Consumers debt service payments relative to income rose somewhat in the fourth quarter to 9.8%, .Consumer debt in relation to income is slightly higher than it was a couple of quarters ago as the result of a rapid increase in credit card debt. But the...
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