by sslifer | Jan 29, 2021 | Commentary for the Week, NumberNomics Notes
January 29, 2021 The Fed currently pegs the federal funds rate at 0%. Clearly that is a low rate. But exactly how low is it? What might be regarded as a neutral level for the funds rate? It is not an easy question to answer because the neutral rate seems to be...
by sslifer | Jan 22, 2021 | Commentary for the Week, NumberNomics Notes
January 22, 2021 President Biden has proposed an additional fiscal stimulus package of $1.9 trillion. A significant part of the spending takes the form of a $1,400 cash payment to taxpayers on top of the $600 payment that was approved in December and sent out earlier...
by sslifer | Jan 15, 2021 | Commentary for the Week, NumberNomics Notes
January 15, 2021 The virus continues to spread rapidly. Both the labor market and the economy softened somewhat in November and December. But that hardly seems consistent with the economic crisis described by President-elect Joe Biden in his speech on Thursday. We...
by sslifer | Jan 8, 2021 | Commentary for the Week, NumberNomics Notes
January 8, 2021 Payroll employment declined 140 thousand in December as states imposed restrictions in an effort to contain the spread of the corona virus. This softness in employment may continue for another month or two, but it is important to remember that two...
by sslifer | Jan 8, 2021 | Commentary for the Week, NumberNomics Notes
January 8, 2021 Following the $3.0 trillion fiscal stimulus package passed in the spring of last year, the government passed a second $0.9 billion corona virus relief spending package in December. Following the two Senate elections in Georgia the Democrats gained...
by sslifer | Dec 24, 2020 | Commentary for the Week, NumberNomics Notes
This will be our last commentary for this year. We wish you and your family a safe and happy holiday season. 2020 has been a challenge for all of us. 2021 is poised to be far more enjoyable. Steve
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