by sslifer | Mar 22, 2024 | Commentary for the Week, NumberNomics Notes
March 22, 2024 The Federal Reserve has indicated that it is likely to cut the fed funds rate three times in 2024 which would reduce the funds rate from its current level of 5.5% to 4.75% by yearend. But those three rate reductions are the tip of the iceberg. The...
by sslifer | Mar 15, 2024 | Commentary for the Week, NumberNomics Notes
March 15, 2024 We have written frequently about how the Fed’s temporary run-up in inflation turned out not to be temporary. Because wages have not kept pace with the jump in prices, consumer purchasing power has been reduced. This has soured consumer attitudes...
by sslifer | Feb 29, 2024 | Inflation, NumberNomics Notes
February 29, 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 | Feb 23, 2024 | Commentary for the Week, NumberNomics Notes
February 23, 2024 After peaking at 9.0% in mid-2022 the CPI inflation rate has fallen rapidly to 3.1%. A significant portion of this faster-then-expected slowdown has been attributable to falling oil prices. A couple of factors combined to make that happen. First,...
by sslifer | Feb 16, 2024 | Commentary for the Week, NumberNomics Notes
February 16, 2023 Market participants have finally realized that seven rate cuts in 2024 were not going to happen. They now anticipate four. That seems far more reasonable. There is simply no reason for the Fed to rush. Fourth quarter GDP growth was robust at...
Follow Me