by sslifer | Aug 12, 2022 | Commentary for the Week, NumberNomics Notes
August 12, 2022 The recently passed “Inflation Reduction Act” (IRA) is being hailed by President Biden, Democrats, and climate supporters as a game changer. It will allegedly reduce inflation, shrink the deficit, reduce carbon emissions and improve our climate. We...
by sslifer | Aug 12, 2022 | Commentary for the Week, NumberNomics Notes
August 12, 2022 The markets survived the recession scare in the first two quarters of this year. However, they remain convinced that the peak in interest rates is not too far distant. Thus, they believe that growth will have slowed enough, and inflation will have...
by sslifer | Aug 11, 2022 | Inflation, NumberNomics Notes
August 11, 2022 The Producer Price Index for final demand includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand fell 0.5% in...
by sslifer | Aug 11, 2022 | Employment, NumberNomics Notes
August 11, 2022 Initial unemployment claims rose 14 thousand in t he week ending August 6 to 262 thousand after climbing 11 thousand in the previous week. The level has been rising slowly but steadily since reaching a low of 170 thousand in early April. That works...
by sslifer | Aug 10, 2022 | Inflation, NumberNomics Notes
August 10, 2022 Gasoline prices fell $0.15 in the week ending August 8 to $4.04 after having fallen $0.14 in the previous week. Prices have now fallen $0.97 since reaching a peak in mid-June. In South Carolina gasoline prices tend to about $0.25 below the national...
by sslifer | Aug 10, 2022 | Inflation, NumberNomics Notes
August 10, 2022 The CPI was unchanged in July after having jumped 1.3% in June and climbing 1.0% in May. It rose 1.3% in 2020, and 7.1% in 2021. The year-over-year increase now stands at 8.5% and we expect the CPI to increase 8.1% in 2022. Swings in energy prices...
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