by sslifer | Feb 7, 2024 | Consumer, NumberNomics Notes
February 7, 2025 The preliminary estimate of consumer sentiment for February fell 3.3 points to 67.8 after declining 2.9 points in January. The January level is the lowest since July of last year. Surveys of Consumers Director Joanne Hsu said, “Consumer...
by sslifer | Feb 2, 2024 | Commentary for the Week, NumberNomics Notes
February 2, 2024 At first blush the employment report for January appears to be an upside blowout. Payroll employment surged by 353 thousand when a gain of 175 thousand had been expected. Average hourly earnings jumped 0.6% in January versus an increase of 0.3%...
by sslifer | Feb 2, 2024 | Commentary for the Week, NumberNomics Notes
February 2, 2024 The IMF revised its global and individual country GDP growth estimates at the end of January. The most notable finding is that GDP growth in China is expected to remain anemic for the foreseeable future at a pace that is roughly one-half of its...
by sslifer | Jan 26, 2024 | Commentary for the Week, NumberNomics Notes
January 26, 2024 The housing sector consists of both new and existing home sales. At the moment, existing sales have plunged to a record low level while new home sales have turned upwards. Why the difference? More importantly, what is the outlook for the housing...
by sslifer | Jan 19, 2024 | Commentary for the Week, NumberNomics Notes
January 19, 2024 Most economists expect the economy to slow in the first half of 2023 and some still anticipate a recession in the months ahead. That appears to be an increasingly unlikely scenario. The economy closed out last year on a strong note and that strength...
by sslifer | Jan 12, 2024 | Commentary for the Week, NumberNomics Notes
January 12, 2024 The next move by the Fed will be to lower interest rates. But when? Before the Fed begins to reduce the fed funds rate, it will first stop shrinking its balance sheet. It has been letting some securities mature each month without being replaced in...
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