Update 904 — September CPI up to 3%;Roadmarks ahead for Ongoing Shutdown This morning saw the release of new data showing that prices rose 3.0 percent on an annualized basis in September — the highest level since January. The price increase and the steady increases in recent months are the by-product of the Trump administration’s …
Update 900 — Sup. Court and the Economy:Docket Includes Tests of Trump’s Authority On Monday, the Supreme Court began its new term, with a docket that includes several cases pivotal for the Trump administration’s economic agenda. Among these cases are ones challenging the President’s tariffs, his authority to fire heads of agencies such as the …
Update 899 — Shutdown in Stalemate;Trump Resorts to Partisan Scare Tactics The government funding stalemate for the fiscal year starting October 1 resulted in a shutdown this week with no end in sight. Meanwhile, the Trump administration took a partisan turn, canceling infrastructure funding in blue cities/states and using agency web pages and email autoreplies …
Update 897 – Trump’s Shutdown Threat:Mass Gov’t Firings without Budget Deal Congressional leaders remained at an impasse this week on federal government funding beyond October 1, leaving four days until a government shutdown kicks in, absent an agreement. Democrats want healthcare concessions in exchange for their votes – seven of which are necessary to reach …
Update 895 – Sliding toward ShutdownFY26 Status Leads Week’s Round-Up With only 10 days left for Congress to approve and Trump to sign a Fiscal Year 2026 (FY26) budget to avoid a shutdown, the House voted today to advance a Republican CR proposal that would fund the government through November 21. But the Senate quickly …
Update 894 – Fed Cuts Rates 25 BPs; Only Dissent: Trump-Nominated Miran The Federal Reserve cut interest rates by 25 basis points, as expected, at the conclusion of its September FOMC meeting this afternoon. Fed Governor Stephen Miran, who has not resigned from his position at the White House, dissented, voting instead for a 50 basis …
Update 893 – Macro Muddle Faces Fed; Democrats’ Shutdown Strategy Emerges The nation’s macroeconomic picture got murkier this week, with CPI showing August prices rising by the most since January, even as jobless claims jumped by the most in four years this week and unemployment edged up last month — “a curious kind of balance,” …
Update 886 – Trump Levies to Hit Aug. 7Stock Trade Ban Gains; Big Jobs Retreat New tariff rates are set to go into effect in seven days following an Executive Order signed by Donald Trump yesterday. The new rates range from 10-41 percent, way above the historical average, but countries still have one week to …
Update 882 – Fiscal Fingers Crossed?Rescissions Package Sets Precedent For the first time in over 30 years, Congress has acted on a presidential rescissions request under the Impoundment Control Act to cancel funding that was previously approved in bipartisan appropriations bills. Beyond funding cuts, this move sets a precedent for undoing negotiated agreements by simple …
Update 879 – Trade Uncertainty Persists;U.S. Firms, Consumers Slow to Respond This week, the Trump administration pushed the Liberation Day 60-nation tariff “deadline” to August 1. President Trump took to social media to announce the new rates 21 nations will face by the new deadline. The very sectors and businesses that the President campaigned to …
Update 879: Tariff Rate Delay and Suspended Animation Read More »
