Search results
Results from the WOW.Com Content Network
In economics, a trough is a low turning point or a local minimum of a business cycle. The time evolution of many economics variables exhibits a wave-like behavior with local maxima (peaks) followed by local minima (troughs). A business cycle may be defined as the period between two consecutive peaks. [1] [2]
The listed dates and durations are from the official chronology of the National Bureau of Economic Research. [1] The National Bureau of Economic Research dates expansions on a monthly basis. From the trough of the recession of 1945 to the late-2000s recession, there have been eleven periods of expansion, lasting an average of fifty-nine months. [1]
An expansion is the period from a trough to a peak and a recession as the period from a peak to a trough. The NBER identifies a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production". [26]
In addition to the absolute pass-through that uses incremental values (i.e., $2 cost shock causing $1 increase in price yields a 50% pass-through rate), some researchers use pass-through elasticity, where the ratio is calculated based on percentage change of price and cost (for example, with elasticity of 0.5, a 2% increase in cost yields a 1% increase in price).
Beginning in 1854, the National Bureau of Economic Research dates recession peaks and troughs to the month. However, a standardized index does not exist for the earliest recessions. [8] In 1791, Congress chartered the First Bank of the United States to handle the country's financial needs. The bank had some functions of a modern central bank ...
Significant shifts in new home construction often signal broader economic trends, and housing starts are currently 14.6% lower than a year ago. Most housing forecasters have also downgraded their ...
The strength of the market response has arguably been at odds with what many economists consider the prospect of worse economic ... Sentiment is now nearly 50% above its June 2022 trough but ...
The Fed's decision came days after Donald J. Trump was elected 47th president of the U.S. and amid conflicting economic signals, with inflation at its lowest in more than four years yet data ...