by sslifer | Oct 21, 2022 | Commentary for the Week, NumberNomics Notes
October 21, 2022 During the next two weeks we will get our first look at third quarter GDP growth which is expected to be about 2.5%. A week later payroll employment should rise 230 thousand in October while the unemployment rate remains at 3.5%. These data will...
by sslifer | Oct 14, 2022 | Commentary for the Week, NumberNomics Notes
October 14, 2022 Recent data indicate that while consumer spending is slowing, employers are reluctant to lay off workers. Thus, GDP growth remains positive, but sluggish. At the same time the inflation rate remains at a 40-year high and is showing few signs of...
by sslifer | Sep 30, 2022 | Commentary for the Week, NumberNomics Notes
September 30, 2022 We continue to believe that consumer and business sentiment ratcheted downwards after September 21 when Fed Chair Powell emphasized that the Fed was willing to tolerate a recession as an unfortunate consequence of its effort to reduce inflation. ...
by sslifer | Sep 23, 2022 | Commentary for the Week, NumberNomics Notes
September 23, 2022 The outcome of the Fed’s meeting this past week heightened a fear factor that had been percolating for months. It was not what the Fed did by raising the funds rate by 0.75%. That was largely expected. The scary part was what Fed Chair Powell...
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...
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