Money Supply Charts Through August 2022

For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the M1, defined in FRED as the following: Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those …

Read more

Durable Goods New Orders – Long-Term Charts Through August 2022

Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator. For reference, below are two charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through August 2022, updated on September 27, 2022. This value is $272,659 ($ Millions): (click on charts to …

Read more

Updates Of Economic Indicators September 2022

The following is an update of various indicators that are supposed to predict and/or depict economic activity. These indicators have been discussed in previous blog posts: The September 2022 Chicago Fed National Activity Index (CFNAI) updated as of September 26, 2022: The CFNAI, with a current reading of 0.0: source:  Federal Reserve Bank of Chicago, Chicago Fed National …

Read more

Broad-Based Indicators Of Economic Activity

The Chicago Fed National Activity Index (CFNAI) and the Aruoba-Diebold-Scotti Business Conditions Index (ADS Index) are two broad-based economic indicators that I regularly feature in this site. The short-term and long-term trends of each continue to be notable. The Advisor Perspectives’ post of September 23, 2022, titled “The Philly Fed ADS Index Business Conditions Index Update” …

Read more

Markets During Periods Of Federal Reserve Intervention – September 23, 2022

In the August 9, 2011 post (“QE3 – Various Thoughts“) I posted a chart that depicted the movements of the S&P500, 10-Year Treasury Yield and the Fed Funds rate spanning the periods of various Federal Reserve interventions since 2007. For reference purposes, here is an updated chart (September 22, 2022) from the Advisor Perspectives’ site …

Read more

The U.S. Economic Situation – September 23, 2022 Update

Perhaps the main reason that I write of our economic situation is that I continue to believe, based upon various analyses, that our economic situation is in many ways misunderstood.  While no one likes to contemplate a future rife with economic adversity, current and future economic problems must be properly recognized and rectified if high-quality, …

Read more

Jerome Powell’s September 21, 2022 Press Conference – Notable Aspects

On Wednesday, September 21, 2022 FOMC Chairman Jerome Powell gave his scheduled September 2022 FOMC Press Conference. (link of video and related materials) Below are Jerome Powell’s comments I found most notable – although I don’t necessarily agree with them – in the order they appear in the transcript.  These comments are excerpted from the …

Read more

Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI3) is one index that is supposed to measure stress in the financial system. Its reading as of the September 22, 2022 update (reflecting data through September 16, 2022) is -1.9120: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI3], retrieved from FRED, …

Read more

CEO Confidence Surveys 3Q 2022 – Notable Excerpts

On September 12, 2022, the Business Roundtable released its most recent CEO Economic Outlook Survey for the 3rd Quarter of 2022.   Notable excerpts from this September 12, 2022 release, titled “Business Roundtable Q3 CEO Economic Outlook Index Signals Continued U.S. Slowdown“: Business Roundtable today released its Q3 2022 CEO Economic Outlook Survey, a composite …

Read more