by sslifer | Apr 5, 2024 | Commentary for the Week, NumberNomics Notes
April 5, 2024 The economy continues to be on a roll. The monthly employment gains are impressive. The workweek has rebounded. First quarter GDP growth keeps getting revised higher. We have raised our GDP estimates for both the first and second quarters from 2.2%...
by sslifer | Mar 29, 2024 | Commentary for the Week, NumberNomics Notes
March 29, 2024 Crude oil prices have been on the rise since the beginning of the year which some economists believe could delay a midyear Fed rate cut. We disagree. While both crude oil and gasoline prices have risen, there is likely to be little spillover into the...
by sslifer | Mar 28, 2024 | GDP, Inflation, NumberNomics Notes
March 28, 2024 There are many different deflators that are available. This one is for gross domestic purchases which measures prices paid by U.S. residents. It is the one measure of inflation that the Commerce Department talks about when it releases the GDP...
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...
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