by sslifer | Dec 30, 2024 | Housing, NumberNomics Notes
December 30, 2024 Pending home sales rose 2.2% in November to 79.0 after gaining 1.8% in October, 7.5% in September, and 0.6% in August. This is the fourth consecutive increase in this series. The National Association of Realtors chief economist, Lawrence Yun said,...
by sslifer | Dec 27, 2024 | Commentary for the Week, NumberNomics Notes
December 27, 2024 No economic commentary this week. Enjoying the time with my family. I hope that you all are able to enjoy this holiday season by spending some time with your families as well. Happy New Year. Steve
by sslifer | Dec 20, 2024 | Commentary for the Week, NumberNomics Notes
December 20, 2022 Recent Fed policy has been confusing to say the least. In September the focus was on the unemployment rate and the Fed eased aggressively. Two months later the focus shifted back to inflation and the Fed seemed nervous. The Fed basically told us...
by sslifer | Dec 20, 2024 | Inflation, NumberNomics Notes
December 20, 2024 There are many different measures of inflation, but the one that the Federal Reserve considers to be most important is the personal consumption expenditures deflator, in particular the PCE deflator excluding the volatile food and energy components....
by sslifer | Dec 13, 2024 | Commentary for the Week, NumberNomics Notes
December 13, 2024 The Federal Reserve will be the focus of attention this week. It is all but a foregone conclusion that it will lower the funds rate by 0.25% to 4.25-4.5%. It told us that is what it intends to do. The Fed is trying to reduce the funds rate to a...
by sslifer | Dec 6, 2024 | Commentary for the Week, NumberNomics Notes
December 6, 2024 The 2025 outlook seems particularly bright characterized by 3.0% GDP growth, the unemployment rate steady at the 4.0% mark, additional slowing in the core inflation rate to 2.3% , and a further reduction in the funds rate from 4.75% today to 3.75% by...
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