by sslifer | Mar 3, 2025 | Housing, NumberNomics Notes
March 3, 2025 Construction spending (the green bars above) fell 0.2% in January after having risen 0.5% in December and 0.4% in November. After rising in each of the past three months, construction spending took a breather in January. But given the snowy, icy, and...
by sslifer | Mar 3, 2025 | NumberNomics Notes, Purchasing Managers Index
March 3, 2025 The Institute for Supply Management’s index of conditions in the manufacturing sector declined 0.6 point in February to 50.3 after having risen 1.7 points in January and 0.8 point in December. For the last two months this index has been above the...
by sslifer | Jan 31, 2025 | Inflation, NumberNomics Notes
January 31, 2025 The employment cost index for civilian workers climbed at a 3.6% annual rate in the fourth quarter after climbing at a 3.1% annual rate in the third quarter. Over the course of the past year it has risen 3.8%. The employment cost index peaked at...
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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