Re: I asked about Industrial Production YoY declines not GDP
Sorry. Here you go. More dramatic when you look at YoY Industrial Production. The FED raised rates in a period (79-82)of declining Industrial Production.
July of '81 is a real eye opener. I wonder if we'll beat it, this time around...
1979 53.7
1980 52.7
1981 50.7
1982 48.2
1983 54.5
economagic.com
Here are the FED funds rates for that period:
12/1978, 10.03
01/1979, 10.07
02/1979, 10.06
03/1979, 10.09
04/1979, 10.01
05/1979, 10.24
06/1979, 10.29
07/1979, 10.47
08/1979, 10.94
09/1979, 11.43
10/1979, 13.77
11/1979, 13.18
12/1979, 13.78
01/1980, 13.82
02/1980, 14.13
03/1980, 17.19
04/1980, 17.61
05/1980, 10.98
06/1980, 9.47
07/1980, 9.03
08/1980, 9.61
09/1980, 10.87
10/1980, 12.81
11/1980, 15.85
12/1980, 18.90
01/1981, 19.08
02/1981, 15.93
03/1981, 14.70
04/1981, 15.72
05/1981, 18.52
06/1981, 19.10
07/1981, 19.04
08/1981, 17.82
09/1981, 15.87
10/1981, 15.08
11/1981, 13.31
12/1981, 12.37
01/1982, 13.22
02/1982, 14.78
03/1982, 14.68
04/1982, 14.94
05/1982, 14.45
06/1982, 14.15
07/1982, 12.59
08/1982, 10.12
09/1982, 10.31
10/1982, 9.71
11/1982, 9.20
12/1982, 8.95
01/1983, 8.68
02/1983, 8.51
03/1983, 8.77
04/1983, 8.80
05/1983, 8.63
06/1983, 8.98
07/1983, 9.37
08/1983, 9.56
09/1983, 9.45
10/1983, 9.48
11/1983, 9.34
12/1983, 9.47
federalreserve.gov |
