by sslifer | Jan 15, 2025 | Inflation, NumberNomics Notes
January 15, 2025 The CPI rose 0.4% in December after climbing 0.3% in November and 0.2% in October. The year-over-year increase (for 2024) is 2.9%. We now expect the overall CPI to increase 2.9% in 2025. Food prices rose 0.3% in December after gaining 0.4% in...
by sslifer | Jan 14, 2025 | Inflation, NumberNomics Notes
January 14, 2025 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 rose 0.2% in...
by sslifer | Jan 10, 2025 | Commentary for the Week, NumberNomics Notes
January 10, 2025 The yield on the 10-year note continues to climb. A month ago it was 4.15%. Today it is 4.74%. It has risen 0.6% in a month. We attribute the dramatic increase to some combination of three factors. First, it appears that part of the increase...
by sslifer | Jan 10, 2025 | Forecasts, NumberNomics Notes
January 10, 2025 The Fed cut the funds rate again in December to 4.3%. We expect the Fed to continue reducing the funds rate to 3.8% by the end of next year. We now expect GDP growth of 2,5% in the fourth quarter followed by 2.9% GDP growth in 2025. Given the GDP...
by sslifer | Jan 10, 2025 | Employment, NumberNomics Notes
January 10, 2025 Payroll employment climbed by 246 thousand in December after gaining 212 thousand in November. In the past three months the average increase has been 167 thousand. In addition to hiring workers employers can also alter the length of the workweek for...
by sslifer | Jan 10, 2025 | Employment, NumberNomics Notes
January 10, 2025 Private sector employment climbed by 223 thousand in December after gaining 182 thousand in November. In the past three months the average increase has been 138 thousand. t In addition to hiring workers employers can also alter the length of the...
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