Five noteworthy figures from the previous week
Oil’s price as the trading week ended.
West Texas Intermediate crude has been rising for five weeks on the NYMEX, and this is its highest close in more than three years.
Source: www.marketwatch.com/story/oil-prices-slip-from-3-year-high-as-traders-wait-for-trump-move-on-iran-2018-01-12 [1/12/18]
U.S. 2-year Treasury yields hit this level for the first time in nearly ten years, Friday.
In late 2016, 2-year notes were yielding less than 1%; yields rose sharply in the fourth quarter of 2017. Prior to Friday, the 2-year note had not yielded better than 2% since September 30, 2008, shortly after Lehman Brothers collapsed.
Source: www.bloomberg.com/news/articles/2018-01-12/u-s-2-year-yield-tops-2-for-first-time-since-financial-crisis [1/12/18]
The projected total 2018 federal income tax reduction for households and businesses.
This estimate comes from the Joint Committee on Taxation, a committee of the U.S. Congress.
Source: washingtonpost.com/business/economy/new-tax-guidelines-rely-on-workers-to-double-check-their-paychecks/2018/01/11/234088c4-f700-11e7-b34a-b85626af34ef_story.html [1/11/18]
The profit generated in 2017 by the Federal Reserve’s economic stimulus.
By preliminary estimates, our central bank remitted this much profit to the U.S. Treasury last year, mostly from interest payments on Treasuries and mortgage-linked securities.
Source: www.nytimes.com/2018/01/10/business/fed-profits-treasury-2017.html [1/10/18]
The percentage of U.S. consumers who would feel uncomfortable shouldering additional debt.
YouGov just conducted a survey for CreditCards.com, and this was one finding of the pollsters. Just 13% of respondents said they would feel “comfortable” assuming new debts.
Source: www.creditcards.com/credit-card-news/debt-free-living-survey.php [1/10/18]
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