by sslifer | Apr 30, 2024 | Consumer, NumberNomics Notes
April 30, 2024 . The Conference Board reported that consumer confidence fell 6.1 points in April to 97.0 after having fallen 1.7 point in March to 110.7 after declining 6.1 points in February. Chief Economist at the Conference Board, Dana Peterson, said “Confidence...
by sslifer | Apr 30, 2024 | Housing, NumberNomics Notes
April 30, 2024 The seasonally adjusted Case Shiller Index of Home Prices in 20 cities rose 0.6% in February after declining 0.1% in January. The rate of increase in home prices has slowed from double-digit gains in 2021 and 2022 to 6.4% currently. But the most...
by sslifer | Apr 30, 2024 | Inflation, NumberNomics Notes
April 30, 2024 The employment cost index for civilian workers climbed at a 4.7% annual rate after gaining 3.7% in the fourth quarter. Over the course of the past year it has risen 4.2%. With the unemployment rate currently at 3.8% and full employment presumably...
by sslifer | Apr 26, 2024 | Commentary for the Week, NumberNomics Notes
April 26, 2024 The slower-than-expected 1.6% GDP growth rate in the first quarter and the faster-than-expected increase in the core personal consumption expenditures deflator of 3.7% was generally regarded as the worst of both worlds. That is not quite true. ...
by sslifer | Apr 26, 2024 | Forecasts, NumberNomics Notes
April 26, 2024 The economy seems to growing steadily at a 2.0-2.5% pace. The economy continues to create jobs and wages keep growing and consumers continue to spend As a result, we expect GDP growth of about 3.0% in the second quarter followed by 2.0-2.5% growth in...
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