America's Economic Future – A Discussion By Ted Kavadas
The St. Louis Fed’s Financial Stress Index (STLFSI4) is one index that is supposed to measure stress in the financial system. Its reading as of the August 22, 2024 update (reflecting data through August 16, 2024) is -.7105: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI4], retrieved from FRED, …
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 August 2024 Chicago Fed National Activity Index (CFNAI) updated as of August 22, 2024: The CFNAI, with a current reading of -.34: source: Federal Reserve Bank of Chicago, Chicago Fed National …
The Philadelphia Fed 3rd Quarter 2024 Survey of Professional Forecasters was released on August 9, 2024. This survey is somewhat unique in various regards, such as it incorporates a longer time frame for various measures. The survey shows, among many measures, the following median expectations: Real GDP: (annual average level) full-year 2024: 2.6% full-year 2025: 1.9% full-year 2026: …
There are a variety of economic models that are supposed to predict the probabilities of recession. While I don’t agree with the methodologies employed or probabilities of impending economic weakness as depicted by the following two models, I think the results of these models should be monitored. Please note that each of these models is …
The St. Louis Fed’s Financial Stress Index (STLFSI4) is one index that is supposed to measure stress in the financial system. Its reading as of the August 8, 2024 update (reflecting data through August 2, 2024) is -.2784: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI4], retrieved from FRED, …
For reference, below is a chart of the St. Louis Fed Price Pressures Measures – Deflation Probability [FRED STLPPMDEF] through July 2024. While I do not necessarily agree with the current readings of the measure, I view this as a proxy of U.S. deflation probability. A description of this measure, as seen in FRED: This …
Each month I have been highlighting various estimates of U.S. recession probabilities. The latest update was that of July 11, 2024, titled “Recession Probability Models – July 2024.” While I don’t agree with the methodologies employed or the probabilities of impending economic weakness as depicted by these and other estimates, I do believe that the …
The St. Louis Fed’s Financial Stress Index (STLFSI4) is one index that is supposed to measure stress in the financial system. Its reading as of the July 25, 2024 update (reflecting data through July 19, 2024) is -.7775: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI4], retrieved from FRED, …
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 July 2024 Chicago Fed National Activity Index (CFNAI) updated as of July 22, 2024: The CFNAI, with a current reading of .05: source: Federal Reserve Bank of Chicago, Chicago Fed National …
The July 2024 Wall Street Journal Economic Forecast Survey was published on July 11, 2024. The headline is “’Economists Say Inflation Would Be Worse Under Trump Than Biden.” I found numerous items to be notable – although I don’t necessarily agree with them – both within the article and in the forecasts section. An excerpt: …