Behind the Numbers Archive
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Behind the Numbers - Aug 9, 2024
I Lied — Sort Of - Time to confess — I may have been too optimistic about the financial markets’ initial reaction to last week’s FOMC decision to keep the benchmark rate unchanged with the...
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Behind the Numbers - Aug 2, 2024
All Hints Lead to September - The Federal Reserve gave the financial market what it expected this week – no rate cut this time, but strong hints for a cut in September if the data supports a move. While the...
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Behind the Numbers - Jul 26, 2024
More Than Just High Mortgage Rates - Existing home sales saw their sharpest decline in nearly two years in June, due to the spike in mortgage rates in April and May. Sales declined 5.4%, the biggest one month...
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Behind the Numbers - Jul 19, 2024
Consumers Still Consuming - Consumers defied expectations in June and came back to the checkout counter, or rather clicked the checkout box. While retail sales were flat in June, this was better than the...
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Behind the Numbers - Jul 12, 2024
One Step Closer - The June CPI report was a headline maker: inflation fell 0.1%. After years of rising inflation, the news can’t get any better than that. All sub-indexes of the consumer price index came...