Tag Archives: inflation

More Jobs Ahead?

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

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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Higher Growth Ahead?

Financial FAQs The US economy hasn’t slowed. Fourth quarter Gross Domestic Product (GDP) growth was down slightly from 3.3 percent to 3.2 percent in the second estimate, but predictions for first quarter 2024 growth have increased. BEAgdp “The increase in … Continue reading

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Another Housing Recession?

The Mortgage Corner The 30-year conforming fixed rate has again risen above 7 percent in just one month, and the effect is immediate. Housing construction has slowed once again, in spite of the severe housing shortage. Construction is 14.8 percent … Continue reading

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High Productivity the Key

Financial FAQs There is a major reason the US economy is doing well in so many ways—with plunging inflation, surging consumer spending, and the highest economic growth of developed countries—that is often overlooked in economic reports. Labor productivity has been … Continue reading

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Slower Retail Sales, Lower Inflation?

Financial FAQs The New Year is proving to have lots of ups and downs as consumer spending slows from the holidays. Tax season is afoot, of course, a time when consumers tend to save more and spend less. That’s why … Continue reading

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Why the Inflation Debate?

The Mortgage Corner This month’s Consumer Price index looked hotter at first glance, but it wasn’t. It was slightly cooler, so there was no real reason for yesterday’s 500 pt. plunge in the DOW. That’s where the debate is raging … Continue reading

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Inflation Still Too High?

Financial FAQs In an excellent piece in MarketWatch, Jeffry Bartash quoted Fed Chair Powell on remarks he made last week in a 60 Minutes interview. Why do Americans still seem unhappy with the economy in many surveys? “People are going … Continue reading

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Soft Landing, What’s Next?

The Mortgage Corner The US economy has landed with the huge Q4 GDP growth spurt of 3.3 percent, and 335,000 nonfarm payroll jobs created, and inflation close to the Fed’s 2% target rate. What happens next? It looks like it’s … Continue reading

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US Economy Has Landed–Part II

Popular Economics Weekly I said last week there’s no longer any doubt the US economy has made a soft landing because the economy grew 3.3 percent in Q4 2023 and 3.1 percent for the year. The first look at employment … Continue reading

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