Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. An earlier vesion in Project Syndicate.
The collision of expansionary fiscal policy, slowing growth, and the erosion of policy credibility, particularly since 27 February 2026, suggests … up and high.
from Politico today, Douglas Holtz-Eakin:
Maybe:
The August Survey of Professional Forecasters is out:
standardized measures:
Instead of +0.1% increase, 0.6% drop.
From CBO.
Including Everyday Price Index™. Nowcast suggests accelerating inflation in m/m August CPI: