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 2.0-2.5% in each of the next three quarters of 2024....
by sslifer | Apr 26, 2024 | Consumer
April 26, 2024 Personal consumption expenditures jumped 0.8% in both February and March. The consumer is still willing to spend despite worries about inflation and the pace of Fed tightening. What we are really interested in is “real” or inflation-adjusted...
by sslifer | Apr 4, 2024 | NumberNomics Notes, Retail Sales
April 4, 2024 Unit car and truck sales fell 1.3% in March to 15,489 thousand after having jumped 5.5% in February. The supply challenges that had curtailed car sales for more than two years has ended. The supplier delivery component of the purchasing managers’...
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 8, 2024 | Commentary for the Week, NumberNomics Notes
March 8, 2024 Every month employers have a choice. If demand remains solid they can either hire more workers, or work their existing employees longer hours. If in any given month economists know how many people are working and how many hours they worked, they can...
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