After all, what do those uppity meteorologists know that the DOGE guys didn’t.
From Ranking Member Meng Opening Statement at the National Weather Service Hearing (March 26, 2026):
Following up on comments to the post “Where did all the affordable cars go”, a typical new vehicle bought in 1960 was $1900; in October 2025, it was over $50000. What does that mean?
Suppose we get a durable resumption of reopening of the Strait. Oil prices will likely stay elevated for some time (resumption of normal conditions maybe 3-4 months, oil-wise). Assuming the current Cleveland Nowcast for April CPI is correct, what will inflation have to be for the rest of the year to hit pre-War trend?
G.17 release today shows downward movement in industrial, manufacturing production (-0.5%, -0.1% vs. Bloomberg consensus +0.1% m/m). Industrial capacity utilization also below consensus.
“Participants provide quick overviews of how the US’s current conflict with Iran affects energy supplies, relations in the Middle East, and economic stability.”
Part of “International Organizations and You” flash talks at UW Madison Law School, sponsored by the Global Legal Studies Center. This talk organized by Tana Johnson (Public Affairs).
Adding in IMF WEO projections, as well as nowcasts/tracking:
Out today; first, the IMF’s reference scenario:
From NYT, an interactive guest essay by Clifford Winston:
From AIER today:
AIER’s proprietary Everyday Price Index (EPI) vaulted 2.5 percent to 307.4 in March 2026, its second-largest monthly increase back to January 2020 (the first was an increase of 2.9 percent in March 2022). Of the 24 price categories that compose the EPI, fourteen rose, two were unchanged, and eight declined. Unsurprisingly, the largest jumps in price occurred in motor fuel, housing fuels and utilities, and food away from home. Prescription drugs, internet services, and food at home declined the most. (The juxtaposition of price changes in the food away from home versus food at home categories likely reflects the gasoline pass-through of food delivery service costs.)
Using Cleveland Fed nowcast for PCE.