by sslifer | Oct 8, 2021 | Commentary for the Week, NumberNomics Notes
October 8, 2021 The job gains in September were significantly small than expected. But the rest of the employment report told a very different story. Specifically, civilian employment – which includes self-employed workers — rose by a solid 526 thousand. The...
by sslifer | Jul 9, 2021 | Commentary for the Week, NumberNomics Notes
July 9, 2021 The Fed believes that the recent acceleration in inflation reflects temporary factors such as hiring bonuses, disruptions in the supply chain, and a rebound from prices that were depressed during the recession. That story is beginning to wear thin. Its...
by sslifer | Jun 11, 2021 | Commentary for the Week, NumberNomics Notes
June 11, 2021 The CPI rose sharply in May for the second consecutive month. Large increases are often attributable to the volatile food and energy categories. Not this time. It is the run-up in the so-called core rate that is troublesome. Much of the increase was...
by sslifer | Apr 23, 2021 | Commentary for the Week, NumberNomics Notes
April 23, 2021 The Fed claims that we are seeing a temporary runup in inflation which will eventually dissipate and settle in at a pace slightly above its 2.0% target. Perhaps. But our fear is that we could see a sustained increase in inflation in excess of what the...
by sslifer | Apr 17, 2020 | Commentary for the Week, NumberNomics Notes
April 17, 2019 At the end of last year crude oil prices were steady at about $63 per barrel. Then the bottom fell out. This week oil traded below $20 per barrel — the lowest since 2002. It was not long ago that low oil prices provided a significant boost to GDP...
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