by sslifer | Apr 19, 2024 | Commentary for the Week, NumberNomics Notes
April 19, 2024 Economic forecasts have been notably inaccurate for the past couple of years. Virtually every economist expected a recession in the second half of last year. But growth for the year was a solid 3.1%. Most economists expected the inflation...
by sslifer | Apr 12, 2024 | Commentary for the Week, NumberNomics Notes
April 12, 2024 The larger-than-expected increase in the consumer price index for March combined with a robust employment report for that month, has ignited a fear that the Fed will not ease nearly as much as hoped for in the second half of this year. A month ago the...
by sslifer | Apr 11, 2024 | Forecasts, NumberNomics Notes
April 11, 2024 The economy seems to have more positive momentum than anticipated. The economy continues to create jobs and wages keep growing and consumers continue to spend As a result, we expect GDP growth of about 2.5% in each of the first two quarters of 2024...
by sslifer | Apr 11, 2024 | Inflation, NumberNomics Notes
April 11 2024 The Producer Price Index for final demand includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand roe 0.2% in March...
by sslifer | Apr 11, 2024 | Inflation, NumberNomics Notes
April 11 2924 The CPI rose 0.4% in both February and March after climbing 0.3% in January. The year-over-year increase is currently 3.5%. We expect the CPI to increase 3.5% in 2024. The March increase of 0.4% was higher than the 0.3% increase that had been...
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