Tag Archives: finance

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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The Confused Consumer

Posted on September 24, 2024 by Popular Economics Weekly

Financial FAQs The Conference Board’s index of consumer confidence sank to 98.7 this month from a revised 105.6 in August the Conference Board said Tuesday. Consumer confidence dropped in September to near the bottom of the narrow range that has … Continue reading →

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Retail Sales Slowing

Posted on September 18, 2024 by Popular Economics Weekly

Financial FAQs Breaking News: The Federal Reserve just announced it’s first rate cut of 0.50%, which lowers its Fed Funds rate from 5.25% to 4.75%. Advance estimates of U.S. retail and food services sales for August 2024, adjusted for seasonal … Continue reading →

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Plenty of Available Jobs!

Posted on July 31, 2024 by Popular Economics Weekly

Financial FAQs As a precursor to July’s unemployment report, the Labor Department’s JOLTS report that measures the number of job openings—jobs waiting to be filled—has just come out. The number of openings is still the highest in decades, per the … 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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Retail Sales Falter

Posted on July 16, 2024 by Popular Economics Weekly

The Mortgage Corner Fed Chair Powell has said it again. Second-quarter economic data including last week’s consumer price report “do add somewhat” to confidence that inflation is heading down to the central bank’s 2 percent goal at an Economic Club … Continue reading →

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Prices Are Falling!

Posted on July 11, 2024 by Popular Economics Weekly

Popular Economics Weekly Today could be historic for inflation watchers. It’s the first time since July 2022 that retail prices as measured by the U.S. Consumer Price Index (CPI) have declined. It will be history making and effect the financial … Continue reading →

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Q2 Economic Growth Is…?

Posted on July 10, 2024 by Popular Economics Weekly

Financial FAQs Estimates of 2024 second quarter economic growth have been all over the map, but I will attempt to separate the wheat from the chaff, so to speak. Firstly, GDP growth is mostly dependent on consumer spending, which makes … Continue reading →

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Fewer Jobs, Lower Rates?

Posted on July 6, 2024 by Popular Economics Weekly

Popular Economics Weekly June’s unemployment report was weaker than expected. It looks like the labor market is slowing enough to convince the Fed that interest rates should come down. Not only fewer nonfarm payroll jobs were added to payrolls, but … Continue reading →

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