Tag Archives: business

Are Consumers In Danger?

Posted on February 12, 2025 by Popular Economics Weekly

The Mortgage Corner Total consumer credit rose $40.8 billion in December, after a $5.4 billion decline in the prior month, the Federal Reserve said last Friday. In percentage terms, it is the biggest gain since June 2022. FREDconsumercredit Will consumers lose … Continue reading →

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Q4 Economic Growth Continues

Posted on February 6, 2025 by Popular Economics Weekly

Popular Economics Weekly Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the fourth quarter of 2024 (October, November, and December), according to the advance estimate released by the U.S. Bureau of Economic Analysis. In the … Continue reading →

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Bidenomics Works–Part II

Posted on January 7, 2025 by Popular Economics Weekly

Financial FAQs A large fraction of voters do suffer from economic illiteracy. Indeed, it is fair to say that an ample majority do not understand the basics of how markets work. They are especially confused about labor and international markets. … Continue reading →

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Holiday Sales Booming

Posted on November 16, 2024 by Popular Economics Weekly

Popular Economics Weekly FREDretailsales The Commerce Department reported Retail trade sales were up 0.4 percent (±0.5 percent)* from September 2024, and up 2.6 percent (±0.5 percent) from last year. Nonstore retailers were up 7.0 percent (±1.4 percent) from last year, … Continue reading →

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Much Improved Q2 Economic Growth

Posted on July 25, 2024 by Popular Economics Weekly

Financial FAQs Today’s second quarter Gross Domestic Product (GDP) grew 2.8 percent, double first quarter’s 1.4 percent, which will give a huge boost to confidence that no recession is imminent, but also enough ammunition for the inflation hawks that say … Continue reading →

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Consumers Not So Confident?

Posted on June 28, 2024 by Popular Economics Weekly

The Mortgage Corner What are we to make of the Conference Board’s latest confidence survey? “The decline in confidence between May and June was centered on consumers aged 35-54. By contrast, those under 35 and those 55 and older saw … Continue reading →

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Retail Sales Falter–What May Follow?

Posted on June 18, 2024 by Popular Economics Weekly

Financial FAQs American consumers are tiring after two years of no relief from higher prices and interest rates. They are now looking for bargains everywhere in the latest retail sales report from the Census Bureau. It’s the second month of … Continue reading →

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Whose Inflation Is Too High?

Posted on May 23, 2024 by Popular Economics Weekly

The Mortgage Corner Declining inflation has stalled in the first quarter, which is hurting prospects for any Fed rate cuts, and causing consumers to buy less. The inflation rate is currently stuck in the 3 percent range, though much lower … Continue reading →

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Retail Sales Decline Worrying

Posted on May 16, 2024 by Popular Economics Weekly

Financial FAQs The bad news might be good news, though it presages further grief for some consumers. Retail sales didn’t increase at all in April, and the Consumers Price Index showed lower inflation, with its annual rate dropping to 3.4 … Continue reading →

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What Should Fed Do–Part II?

Posted on May 3, 2024 by Popular Economics Weekly

Popular Economics Weekly Friday’s ‘official’ April US unemployment report was even more surprising than Fed Chairman Powell’s dovish remarks after the Fed’s May FOMC meeting, as if Powell might have known that April’s unemployment report would be weaker. It was, … Continue reading →

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