by sslifer | Jan 31, 2025 | Commentary for the Week, NumberNomics Notes
January 31, 2025 Fourth quarter GDP growth was 2.3% slightly below the consensus forecast of 2.6%. Growth for the quarter was led by consumer spending which jumped 4.2%. The only reason GDP growth was not more rapid was because the slow pace of inventory accumulation...
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 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...
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
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