Tag Archives: Federal Reserve

Q1 GDP Growth Better Than Estimate

Posted on April 25, 2024 by Popular Economics Weekly

The Mortgage Corner The initial estimate of first quarter 2024 Gross Domestic Product (GDP) growth was less than expected, causing financial markets to panic, even though economic growth is better than the initial estimate is reporting. The lower GDP estimate … Continue reading →

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Retail Sales Boost Q1 Growth

Posted on April 16, 2024 by Popular Economics Weekly

Financial FAQs Consumers haven’t slowed shopping, even during tax season. They keep boosting economic growth which is edging above annual predictions of 2 percent again. FREDretailsales Retail trade sales were up 0.8 percent (±0.5 percent) from February 2024, and up … Continue reading →

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Inflation Still Declining

Posted on April 11, 2024 by Popular Economics Weekly

Popular Economics Weekly The inflation rate for wholesale goods and services (PPI) is still declining, which will hearten the inflation doves after yesterday’s Consumer Price Index (CPI) seems to be stuck in a 3 percent range. So, the Fed has … Continue reading →

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First Quarter Growth Even Better?

Posted on April 3, 2024 by Popular Economics Weekly

The Mortgage Corner The post-pandemic recovery is looking better this year, as higher estimates for 2024 economic growth come in. The job market is still hot, which is why consumers keep shopping until they drop, to use a common expression … Continue reading →

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Economic Facts Can Win

Posted on April 1, 2024 by Popular Economics Weekly

Financial FAQs Here’s another reason we have avoided a recession. Regardless of the looming tax bills due in April that traditionally causes consumers to save more and spend less, consumers are spending more and saving less, per the BEA’s Personal … Continue reading →

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Fourth Quarter Growth Even Better

Posted on March 28, 2024 by Popular Economics Weekly

The Mortgage Corner Economic growth is picking up and the housing market is following suit, which means the post-pandemic recovery is looking even better this year. The final reading of Q4 2023 U.S. Gross Domestic Product growth adjusted for inflation … Continue reading →

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Retail Inflation Is the Problem

Posted on March 14, 2024 by Popular Economics Weekly

Popular Economics Weekly There is a reason the Biden administration wants to prevent the merger of Kroger and Albertsons Supermarket chains. It lowers competition at a time when the largest retailers are now responsible for much of the inflation that … Continue reading →

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It’s A Soft Landing

Posted on March 8, 2024 by Popular Economics Weekly

Popular Economics Weekly A terrific February employment report is further evidence the US economy has made a soft landing. FREDemployment Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate ticked up slightly to 3.9 percent from … Continue reading →

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More Jobs Ahead?

Posted on March 6, 2024 by Popular Economics Weekly

Financial FAQs  The US economy hasn’t slowed. Fourth quarter Gross Domestic Product (GDP) growth was revised downward from 3.3 percent to 3.2 percent in the second estimate, and predictions for first quarter 2024 GDP growth are hovering between 2-3 percent. … Continue reading →

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Inflation Is Going Nowhere

Posted on March 1, 2024 by Popular Economics Weekly

Popular Economics Weekly I said recently that the US economy has made a soft landing. Here is further proof with the release of the government’s Personal Consumption Expenditure Index (PCE) that measures consumer spending. Inflation has flattened and been stuck … Continue reading →

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