#4. The Economy - Real GDP and Prices
Clearly flat growth anyway, eh? Even from this perspective we can tell:
From the St. Louis Federal Reserve Bank's FRED database (click).
Latest Observations:
So we have an $11.7 trillion economy, measured in terms of 2000 dollars. The domestic economy has been growing VERY, VERY slowly for at least 6 months: 0.6% for two quarters in a row, by advance estimates.
Prices? The Fed's favorite index - PCE "core" index
Again from Fred - can be directly accessed here.
Latest Observations:
STILL OVER 2% the Federal Reserve Bank's target maximum PCE "core" inflation rate - I believe they need to PAUSE in their decreases of interest rates too! (always easy to say once the Fed has! grin)
From the St. Louis Federal Reserve Bank's FRED database (click).
Latest Observations:
| Date | 2007-01-01 | 2007-04-01 | 2007-07-01 | 2007-10-01 | 2008-01-01 |
| Value | 11412.6 | 11520.1 | 11658.9 | 11675.7 | 11693.1 |
So we have an $11.7 trillion economy, measured in terms of 2000 dollars. The domestic economy has been growing VERY, VERY slowly for at least 6 months: 0.6% for two quarters in a row, by advance estimates.
Prices? The Fed's favorite index - PCE "core" index
Again from Fred - can be directly accessed here.
Latest Observations:
| Date | 2007-11-01 | 2007-12-01 | 2008-01-01 | 2008-02-01 | 2008-03-01 |
| Value | 115.403 | 115.618 | 115.847 | 116.007 | 116.203 |
STILL OVER 2% the Federal Reserve Bank's target maximum PCE "core" inflation rate - I believe they need to PAUSE in their decreases of interest rates too! (always easy to say once the Fed has! grin)
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