by sslifer | Jan 28, 2025 | Industrial Production, NumberNomics Notes
January 28, 2025 Durable goods orders fell 2.2% in December after declining 2.0% in November. Durable goods orders have declined 3.9% in the past year. Much of the change in durables is frequently in the transportation sector — airplanes, cars, and trucks. ...
by sslifer | Jan 24, 2025 | Commentary for the Week, NumberNomics Notes
January 24, 2025 .Trump is going to impose significant tariffs on all goods coming from Mexico, Canada, China, Europe, and Russia. He indicated that he intends to impose a 25% tariff on products imported from Mexico and Canada. Those are our biggest trading...
by sslifer | Jan 23, 2025 | Housing, NumberNomics Notes
January 27, 2025 New home sales climbed by 3.6% in December to 698 thousand after having jumped 9.6% in November after having plunged by 15.3% in October The October drop was almost exclusively in the South and clearly the result of the combo of Hurricanes Milton...
by sslifer | Jan 17, 2025 | Commentary for the Week, NumberNomics Notes
January 17, 2025 The early data for December showed that the economy continued to roll as 2024 came to an end. Employment rose 246 thousand while the unemployment rate edged down 0.1% to 4.1%. Retail sales rose 0.4% after having climbed sharply in each of the...
by sslifer | Jan 10, 2025 | Commentary for the Week, NumberNomics Notes
January 10, 2025 The yield on the 10-year note continues to climb. A month ago it was 4.15%. Today it is 4.74%. It has risen 0.6% in a month. We attribute the dramatic increase to some combination of three factors. First, it appears that part of the increase...
by sslifer | Jan 3, 2025 | Commentary for the Week, NumberNomics Notes
January 3, 2025 Throughout the summer the Federal Reserve suggested strongly that inflation had subsided sufficiently that it would soon begin to cut rates. In September the Fed finally reduced the funds rate 0.5% to 4.75-5.0%, suggested it would lower the funds rate...
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