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...
by sslifer | Apr 4, 2024 | Federal Reserve, NumberNomics Notes
April 4, 2024 M-2 consists of funds that businesses can use to pay their workers, pay the rent, and keep the lights on, or that consumer can use to pay their rent or mortgage, their car loan, or buy food. Thus, it is a measure of liquidity in the economy. In March...
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