by sslifer | May 17, 2022 | Miscellaneous, NumberNomics Notes
May 17, 2022 Firms are always trying to keep their inventories in line with sales. When the economy falls into recession, typically businesses do not cut back production as quickly as sales decline, so the inventory/sales ratio rises sharply — which is exactly...
by sslifer | May 13, 2022 | Commentary for the Week, NumberNomics Notes
May 13, 2022 We got the message. The Fed has convinced us it is going to be tough on inflation. But that tough talk has scared the pants off all of us. Fed officials have suggested the funds rate is going to 2.5% by the end of this year, 3.5% by the end of 2023,...
by sslifer | May 12, 2022 | Inflation, NumberNomics Notes
May 12, 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 rose 0.5% in April...
by sslifer | May 11, 2022 | Inflation, NumberNomics Notes
May 11, 2022 Gasoline prices jumped $0.15 cents in the week ending May 9 to $4.33 after having fallen $0.09 in the previous week. In South Carolina gasoline prices tend to about $0.25 below the national average or $4.08. The EIA currently expects gasoline prices...
by sslifer | May 11, 2022 | Inflation, NumberNomics Notes
May 11, 2022 The CPI rose 0.3% in April after having umped 1.2% in March. It rose 1.3% in 2020, and 7.1% in 2021. The year-over-year increase now stands at 8.2% and we expect the CPI to increase 8.1% in 2022. Food prices climbed 0.8% in April after having jumped...
by sslifer | May 6, 2022 | Commentary for the Week, NumberNomics Notes
May 6, 2022 In our view, it is increasingly clear that the 1.4% GDP decline in the first quarter was largely caused by supply line challenges rather than any significant drop in demand. Early in the second quarter the monthly purchasing managers indexes continue to...
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