Bureau expert Bharat Ramamurti reflects on the “strongest, fastest, most equitable recovery … that America has experienced since WWII.” By adjusting rates in response to the current strong recovery, the Fed can support continued economic health and prevent a slowdown.
Bureau expert Kitty Richards shares concerns about further softening in the labor market, saying the Fed should move swiftly to normalize interest rates. Even if the labor market is poised to remain strong, a large cut in rates would still be warranted.
Current inflation and labor market data suggest that risks could accelerate and the Fed’s approach to adjusting interest rates may not be sufficient. A 50 bp cut would not only be appropriate but also act as insurance against potential downturns, says ESB expert @skandaamarnath.bsky.social.
“Housing is such a big part of people’s experience of the economy and it really matters to folks when they might want to move & look around & they can’t.” ESB expert Kitty Richards on how high interest rates are exacerbating the housing supply problem: www.newsfromthestates.com/article/infl...
Inflation hit a three-year low last month, just as the presidential election is heating up. But the high cost of housing and other necessities will keep the economy central to both of the major campai...
"The child tax credit is one of the single most important ways that we can improve working families' after-tax income" – ESB expert @indivar.bsky.social#ChildTaxCreditwww.cnbc.com/2024/09/12/s...
The Senate Finance Committee on Thursday debated Trump's 2025 tax break expirations. Here's how the policy could impact you.
“This is more ’50s-style antitrust,” said ESB's @superwuster.bsky.socialwww.washingtonpost.com/technology/2...
The business outcomes of the AT&T and Microsoft cases bode poorly for the internet giant if a judge calls for stern measures up to and including a breakup.
No matter which measure of inflation you use, wages are at an all-time high and have been trending upwards since the early 90s. Even better, wages have been growing fastest for the poorest workers, so much so that income inequality is down, undoing 1/3 of its growth since Reagan.
August 2024 Core-Cast Post-IPI: Import Price Data Confirms Airfare Downside In PPI www.employamerica.org/macrosuite/a...
For a Full Employment, high-growth economy
Parents are dealing with high costs, a changing job market, gun violence, social media—& these stressors can drag on the economy. Policies that reduce poverty, create safe communities, & address mental health could ease this burden. Read @keds-economist.bsky.socialwww.bloomberg.com/opinion/arti...
Every generation thinks they have it harder when it comes to raising a child, but that doesn’t mean they’re wrong.
August 2024 Core-Cast Post-PPI: If Core CPI Was Supposed To Kill A 50bp Cut, PPI Details Suggest It's Not Dead Yet www.employamerica.org/macrosuite/a...
For a Full Employment, high-growth economy