This is the best guarantee that cost pressures from tariffs and mass removals will manifest in wage-price spirals, combined with growth reducing economic policy uncertainty — particularly if the Trump administration does not adhere to Supreme Court rulings on this subject.
Torsten Slok provides this illuminating picture of discretionary spending (y/y), by category.
Mark Zandi states that a third of the country is in recession. Here’re some alternative ways of measuring the weakness in the economy, first by geography, second by indicator.
I was contemplating a hamburger cookout over the Labor Day holiday. Prospects?
Back in 2022, a group of Republicans argued that Lisa D. Cook should not be appointed as a Fed governor because of her thin resume. How does that argument stand out in terms of whom the Trump administration has put in place in economic posts? In order to evaluate this, I first repost my 2022 Econbrowser post below:
From Daily Signal. Paragraph continues:
Goldman Sachs says +0.3% q/q AR in Q3:
Or at least the response of interest rates to deficits, controlling for investment and global saving.
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