by sslifer | Feb 26, 2021 | Commentary for the Week, NumberNomics Notes
February 26, 2021 For the first time in a long while bond market participants are concerned about inflation rising as the result of a combination of factors. The economy already has a head of steam with about 8.0% GDP growth expected in the first quarter. The...
by sslifer | Feb 26, 2021 | Commentary for the Week, NumberNomics Notes
February 26, 2021 The Federal Reserve Bank of New York recently released its quarterly report on consumer debt which rose by $206 billion in the fourth quarter to a record high level of $14.56 trillion, driven in part by a steep increase in mortgage originations. ...
by sslifer | Feb 26, 2021 | Consumer, NumberNomics Notes
February 26, 2021 . The final estimate for February was 76.8 compared to a preliminary estimate of 76.9. Thus, consumer sentiment for February fell 2.2 points. Consumer sentiment has been flopping around in a narrow range for the past several months. It remains...
by sslifer | Feb 26, 2021 | Inflation, NumberNomics Notes
February 26, 2021 There are many different measures of inflation, but the one that the Federal Reserve considers to be most important is the personal consumption expenditures deflator, in particular the PCE deflator excluding the volatile food and energy components....
by sslifer | Feb 25, 2021 | Forecasts, NumberNomics Notes
February 25, 2021 . .The government’s response to the corona virus stopped the economy dead in its tracks. It started to fall precipitously in March and then collapsed in April. As a result, GDP declined 31.4% in the second quarter. However, it began to turn...
by sslifer | Feb 25, 2021 | Housing, NumberNomics Notes
February 25, 2021 Pending home sales declined 2.8% in January to 122.8 after rising 0.5% in December. Following the March/April recession, home sales have surged but have edged lower in the past several months. Lawrence Yun, the Chief Economist for the National...
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