by sslifer | Apr 15, 2024 | Housing, NumberNomics Notes
April 15, 2024 Homebuilder confidence was unchanged in April at 51 after having risen 3 points in March to 51 after climbing 4 points in February, 7 points in January, and 3 points in December. Thus, confidence has risen 17 points in the past five months as mortgage...
by sslifer | Apr 15, 2024 | NumberNomics Notes, Retail Sales
April 15, 2024 Retail sales rose 0.7% in March after climbing 0.9% in February and declining 0.9% in January. It is true that the sales gains in February and March were robust and some economists are now suggesting that the next move by the Fed could be to raise...
by sslifer | Apr 12, 2024 | Commentary for the Week, NumberNomics Notes
April 12, 2024 The larger-than-expected increase in the consumer price index for March combined with a robust employment report for that month, has ignited a fear that the Fed will not ease nearly as much as hoped for in the second half of this year. A month ago the...
by sslifer | Apr 11, 2024 | Inflation, NumberNomics Notes
April 11 2024 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 roe 0.2% in March...
by sslifer | Apr 11, 2024 | Inflation, NumberNomics Notes
April 11 2924 The CPI rose 0.4% in both February and March after climbing 0.3% in January. The year-over-year increase is currently 3.5%. We expect the CPI to increase 3.5% in 2024. The March increase of 0.4% was higher than the 0.3% increase that had been...
by sslifer | Apr 10, 2024 | Miscellaneous, NumberNomics Notes
April 10, 2024 . Small business optimism fell 0.9 point in March to 88.5 after declining 1.1 points in February. That is the lowest level for this series since December 2012 which makes the current level even lower than the low point in the March/April 2020 recession...
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