Update 823 — Trump Rolls to Second TermFed Rate Cut 25bp; Powell Defiant on Trump Supported by 56 percent of working-class voters, themselves 57 percent of the electorate, and taking down the Blue Wall, Donald Trump won the presidential popular vote majority for the first time, en route to a 295-226 electoral college margin (on …
Update 822 – Last Data Before the DecisionContextualizing the October Jobs Report In the final days of the 2024 campaign season, the three notable macroeconomic data drops we saw this week will become voters’ last impressions and focus of economic talking points as candidates close out their cases. The October jobs report, released this morning, …
Update 821 — Closing Economic Arguments:Record and Vision Presented by Candidates Following Donald Trump’s controversial and divisive speech on Sunday at Madison Square Garden and Kamala Harris’s rousing final appeal last night at the National Mall, voters have now heard the candidates’ closing arguments in the 2024 campaign. Their cases on economic policy present a …
Update 820 — All but Tied: Polls in Bell Lap;Global Leaders Worry About Trump Tariffs The final New York Times/Siena poll of the 2024 election cycle published yesterday shows, for the first time, a flat-footed tie at 48 percent each for presidential candidates Kamala Harris and Donald Trump. In all of the seven battleground states …
Update 819 — Storms of Disinformation:Speaker Johnson: Assistance “Can Wait” Millions of Americans affected by Hurricanes Helene and Milton in the last month have had to endure not only personal and financial catastrophe but a flood of disinformation from Republicans about the status and availability of federal disaster assistance. Calls continued this week for Congress …
Update 818 — CPI Down Six Straight Months;Inflation Falls to 2.4%, Lowest Since Feb. 2021 Yesterday’s CPI report for September showed prices across the board dropping marginally to 2.4 percent, year-on-year, from 2.5 percent in August. Although the new rate — the lowest since early 2021 — came in slightly above expectations, the modest decline …
Update 818: Inflation Falls to 2.4%, Lowest Since Feb. 2021 Read More »
Update 817 — Perils of Short-Term Loans:CFPB Issues Guidance to Protect Borrowers You don’t need to be struggling to financially recover from a disaster or unexpected accident to find yourself considering the increasingly available financial products offered to the tens of millions of Americans seeking credit to get by. But these products come at a …
Update 817: CFPB Issues Guidance to Protect Borrowers Read More »
Update 816 — Unemployment, Dipping to 4.1%,VP Debate, ILA Strike, Helene/FEMA Top Week This morning’s stronger-than-expected jobs report, showing 254,00 jobs added to the economy and unemployment ticking down to 4.1 percent in September, is an encouraging sign that the labor market remains strong after recent signs of cooling. In another encouraging development, dockworkers who …
Update 815 — Lock around the Dock:Implications of Longshoremen Strike The strike that began yesterday by 47,000 longshoremen at dozens of ports along the East Coast and Gulf of Mexico followed months of contract negotiations between the International Longshoremen’s Association (ILA) and the US Maritime Alliance (USMX). The sides may be inching closer to an …
Update 814 — Biden Signs 3-Mo FY25 CR;August PCE Drops to 2.2%, Leading Week This week, right before the start of the 2025 fiscal year, Congress approved and the President signed a continuing resolution (CR) allowing the federal government to remain open, with spending held constant at last year’s level until December 20, putting off …
Update 814: Shutdown Averted, Inflation Abates, Week’s News Read More »
