The Big Picture
JANUARY 4, 2023
UPDATE: Jan 4 2022 10:53am. ” Here is the updated chart: Sources : State Coincident Indexes November 2022 ( PDF ). The Federal Reserve Bank of Philadelphia, December 28, 2022. Are State Economic Conditions a Harbinger of a National Recession? St Louis Fed, December 28, 2022. By Kevin L.
Nerd's Eye View
JANUARY 3, 2024
The sentiment is especially poignant when it comes to economic forecasting, as it's nearly impossible to get an accurate picture of the current state of the economy at any given moment. The key point is that, given the current economic uncertainty, there are several ways that advisors can help clients prepare for potential downturns.
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The Big Picture
NOVEMBER 17, 2022
That is according to a study by Julian di Giovanni, who publishes at the NY Fed’s blog Liberty Street Economics. Still, I cannot help but observe that the FOMC response to pandemic-induced inflation is blunt, excessive and unnecessarily painful to the middle and lower economic earners. Liberty Street Economics, August 24, 2022).
Nerd's Eye View
OCTOBER 4, 2023
And even though numerous signs are pointing to the looming possibility of a more widespread economic downturn – including the reduction of household savings, reduced lending, and the resumption of student loan payments for many borrowers – the job market remains strong. And even though U.S.
The Big Picture
NOVEMBER 7, 2022
When the Economic Policy Institute analyzed this, they discovered: “Since the trough of the COVID-19 recession in the second quarter of 2020, overall prices in the NFC [non-financial corps] sector have risen at an annualized rate of 6.1%—a Traditional economic consensus used to be inflation occurred when too many dollars chased too few goods.
The Big Picture
MAY 16, 2024
If you have a bearish mindset , and seek confirmation of that perspective, then the next economic critique after the Misery Index you try on for size is “Stagflation.” The economic collapse during the GFC sent this back over 15 briefly and spiked again during Covid over 10. This is symptomatic of robust demand.”
The Big Picture
JULY 29, 2022
The last time we looked at the State Coincident Indicators Index, all 50 States were in an economic expansion over the trailing 3 months. While we may not be in a recession yet, economic momentum has clearly slowed. The technical academic answer is we are not in a recession, but we are clearly slowing down economically.
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