Consumer Sentiment

May 10, 2024 The preliminary estimate of consumer sentiment for May plunged by 9.8 points to 67.4 as consumers worried that inflation might remain higher than expected for a protracted period, and that the Fed might not cut rates at any point in 2024. Surveys of...

Fed Funds Rate

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,...

Initial Unemployment Claims

May 9, 2024 Initial unemployment claims rose 22 thousand in the week ending May 4 after rising 1 thousand the previous week.   The increase this week seems related to the NYC teachers who had a break and were allowed to apply for unemployment benefits.   If so, the...

Car and Truck Sales

May 3, 2024 Unit car and truck sales rose 1.1% in April to 15,736 thousand after  having fallen 0.9% in March  The supply challenges that had curtailed car sales for more than two years has ended.  The supplier delivery component of the purchasing managers’...