by sslifer | Sep 16, 2022 | Commentary for the Week, NumberNomics Notes
September 16, 2022 The economy is showing hints of slowing down, but inflation remains stubbornly high. Given that the Fed’s goal is to bring inflation back to the 2.0% mark, nothing that happened last week is enough to convince it that the end of its tightening is...
by sslifer | Sep 16, 2022 | Consumer, NumberNomics Notes
September 16, 2022 The preliminary estimate of consumer sentiment for September rose 1.3 points to 59.5 after having climbed 6.7 points in July.. The June level was the lowest on record and roughly comparable to the low levels reached in the 1980 recession. Surveys...
by sslifer | Sep 15, 2022 | Industrial Production, NumberNomics Notes
September 15, 2022 Industrial production declined 0.2% after rising 0.5% in July. In the past year production has risen 3.7%, and in the most recent three-month period it continues to grow at a solid 3.7% pace. Breaking industrial production down into its three...
by sslifer | Sep 15, 2022 | NumberNomics Notes, Retail Sales
September 15, 2022 Retail sales rose 0.3% in August after declining 0.4% in July. In the past year retail sales have climbed by 3.6%. Consumers are still spending at a moderate pace but inflation is eroding their purchasing power (see discussion of real retail sales...
by sslifer | Sep 14, 2022 | Inflation, NumberNomics Notes
September 14, 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 0.1% in...
by sslifer | Sep 13, 2022 | Inflation, NumberNomics Notes
September 13, 2022 The CPI rose 0.1% in August after having been 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 8.2% and we expect the CPI to increase...
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