Behind the Numbers Archive

  • Behind the Numbers - Dec 6, 2024

    Job Market Just Right - The addition of 227,000 jobs in November was a welcome relief after the unusually low, albeit upwardly revised, gain of 36,000 jobs in October. The three-month average of job...
  • Behind the Numbers - Nov 22, 2024

    All About Rates - It is becoming very clear that the housing market is all about interest rates. Existing home sales rose 3.4% in October, the first increase in two months. Sales are based on contract...
  • Behind the Numbers - Nov 8, 2024

    Recalibration Step 2 - The Fed unanimously voted to cut the benchmark rate by 25 basis points to a target range of 4.50% - 4.75%. According to Federal Reserve Chair Jerome Powell, the move was the...
  • Behind the Numbers - Nov 1, 2024

    Distortions or Reality - There was lots of discussion leading up to the monthly job report due to the hurricanes and ongoing Boeing strike occurring during October. No one was quite sure how these...
  • Behind the Numbers - Oct 25, 2024

    Reversing Course or Not? - The Federal Reserve cut rates by 50 basis points in September. Since then, Treasury yields have surged. The two-year note yield is up over 40 basis points and the 10-year yield...