Tag Archives: finance

Higher Economic Growth Ahead?

Posted on December 13, 2024 by Popular Economics Weekly

Popular Economics Weekly The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 3.3 percent on December 9, unchanged from December 5 after rounding. After recent releases from the US Census Bureau and … Continue reading →

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Job Market Still Booming

Posted on December 6, 2024 by Popular Economics Weekly

Popular Economics Weekly Total nonfarm payroll employment rose by 227,000 in November, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statisticsreported today. Employment trended up in health care, leisure and hospitality, government, and social … Continue reading →

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Will Job Market Recover?

Posted on December 5, 2024 by Popular Economics Weekly

The Mortgage Corner The number of job openings was little changed at 7.7 million on the last business day of October, the U.S. Bureau of Labor Statistics reported today. Over the month, hires changed little at 5.3 million. The number … 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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Inflation Is Not the Problem

Posted on November 14, 2024 by Popular Economics Weekly

Financial FAQs Inflation is close to its long-term 2 percent range, so the Federal Reserve has accomplished its goal of stabilizing prices. Yet the election results show that rising prices since the COVID-19 pandemic most panicked voters; even more than … Continue reading →

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Who Will Drain the Swamp?

Posted on November 12, 2024 by Popular Economics Weekly

ANSWERING KENNEDY’S CALL “This is so bad. We have just gotten list of amendments to be included in bill NOT from our R colleagues, but from lobbyists downtown,” said Missouri Dem Senator Claire McCaskill. “None of us have seen this … Continue reading →

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Another ‘Roaring Twenties’?

Posted on October 30, 2024 by Popular Economics Weekly

Financial FAQs BEA.gov The advance estimate of BEA third quarter U.S. economic growth was 2.8 percent, slightly less than the 3 percent growth in Q2 but is showing few signs the post-pandemic recovery has slowed. It has defied the odds … Continue reading →

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Full Speed Ahead Growth–Part II

Posted on October 10, 2024 by Popular Economics Weekly

Popular Economics Weekly The September Consumer Price Index (CPI) continued to decline, further evidence that the inflation battle has been won. All eyes are now on whether strong economic growth can continue with the labor market beginning to falter, which … Continue reading →

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No More Inflation?

Posted on October 3, 2024 by Popular Economics Weekly

Financial FAQs The Fed is no longer worrying about inflation, since its preferred inflation gauge, the Personal Consumption Expenditure Index (PCE), recently dropped to a 2.2% inflation rate, close to the 2.0% target rate. Fed Chairman Powell said recently the … Continue reading →

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US Growth Full Speed Ahead?

Posted on September 26, 2024 by Popular Economics Weekly

Popular Economics Weekly Any signs of a recession are declining. The U.S. economy is picking up speed in the BEA’s third and final revision of second quarter GDP growth. The U.S. economy has held the 3.0 percent growth rate, mostly due to strong consumer … Continue reading →

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