barometer Archives - Citizen Watch Report

Hooters abruptly closes 40 locations; an economic barometer

June 26, 2024 10:11 am

The iconic restaurant chain Hooters has abruptly announced the closure of 40 locations nationwide, citing the rising cost of food and rent. The restaurant chain, known for its attractive and scantily dressed waitresses, will close stores in Florida, Kentucky, Rhode …

In June, folks earned a bit more in, spent more, causing PCE, excluding food and energy (the Fed’s barometer for if inflation is still growing) to jump up .2% for the month and 4.1% year-over-year. Still more than DOUBLE the Fed’s target of 2%!

July 28, 2023 3:44 pm

by Dismal-Jellyfish https://www.bea.gov/news/2023/personal-income-and-outlays-june-2023 Wut mean?: In June, people earned $69.5 billion more, which is a 0.3% monthly rise–more money earned more money to spend, adding to inflation… Prices of things people bought (PCE price index) went up slightly by 0.2%. Even …

Sweet Home Chicago? Chicago Business Barometer Signals Contraction At 41.5 As M2 Money Growth Evaporates

June 30, 2023 3:29 pm

by confoundedinterest17 Sweet Home Chicago? The Chicago Business barometer printed at 41.5, still in contraction as M2 Money growth evaporates. living la vida Biden! Meanwhile, the US Treasury 10Y-2Y yield curve remains inverted at -105 basis points.