by sslifer | Feb 27, 2024 | Consumer, NumberNomics Notes
February 27, 2024 . The Conference Board reported that consumer confidence fell 4.2 points in February to 106.7 after rising 2.9 points in January. This was the first decline after rising for three consecutive months.. Chief Economist at the Conference Board, Dana...
by sslifer | Jan 19, 2024 | Commentary for the Week, NumberNomics Notes
January 19, 2024 Most economists expect the economy to slow in the first half of 2023 and some still anticipate a recession in the months ahead. That appears to be an increasingly unlikely scenario. The economy closed out last year on a strong note and that strength...
by sslifer | Dec 15, 2023 | Commentary for the Week, NumberNomics Notes
December 15, 2023 Looking ahead to 2024 the economy should largely shrug off the remaining impact of high interest rates and not slip into recession. Inflation should continue to trend lower but its rate of descent will be less pronounced than in this past year. It...
by sslifer | Nov 3, 2023 | Commentary for the Week, NumberNomics Notes
November 3, 2022 The employment report for October confirmed that the monthly gains in employment continue to slow gradually. The 150 thousand increase in employment was held down by the loss of 33 thousand workers in the automobile industry caused by the UAW strike,...
by sslifer | Sep 29, 2023 | Commentary for the Week, NumberNomics Notes
September 29, 2023 When inflation first started to rise in mid-2020 the Federal Reserve told us that we did not need to worry because it was “temporary” and attributable to supply constraints that led to notably higher — but temporary — increases in...
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