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...
by sslifer | Apr 5, 2024 | Employment, NumberNomics Notes
April 5, 2024 In any given month employers can boost output by either additional hiring workers or by lengthening the number of hours that their employees work. Payroll employment climbed by 303 thousand in March. At the same time the nonfarm workweek rose 0.1 hour...
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...
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