Update

Impact of Organized Labor

Update 766 – Impact of Organized Labor On Wages, Conditions, Markets, Politics For several years now, we have seen a labor market so “tight” that job opportunities have outnumbered workers available to fill them, with big gains in wages as demand outstrips supply.  Within that market is organized labor, which has seen, or led, much of …

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FY24’s Bell Lap at Last

Update 765 — FY24’s Bell Lap at LastDOJ vs Apple; Bank Merger Rules; NAR Congress is poised to pass the six remaining appropriations bills for FY24 almost halfway through the current fiscal year. Though disagreements between Speaker Johnson and the White House endangered the package in its final stages of negotiation, Democrats have emerged from …

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2024 Prices’ Holding Pattern

Update 763 — 2024 Prices’ Holding PatternCPI Pause to Beget Another Fed Rate Pause The most critical economic variable in the minds of voters today is probably the cost of living — everyday expenses and purchasing power. Over the coming months, Americans will make choices about whether to vote and how with these in mind. …

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Biden’s SOTU: Opening Salvo

Update 761 — Biden’s SOTU: Opening SalvoOffers Contrast on Economic Policy Priorities In last night’s State of the Union, President Biden delivered a forceful reprisal of the powerful American economic recovery and proposed measures to build on it — cutting costs, protecting and expanding programs, and making the wealthy pay their fair share in taxes. …

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SOTU and the Economic Case

Update 760 — Setting the SOTU Stage:(How) Can Biden Make Economic Case? Tomorrow night, a likely prime-time audience of 30 to 40 million Americans will tune in to watch President Biden’s third State of the Union (SOTU) address. The state of the nation’s economy is strong, by almost any measure, and Biden will no doubt …

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Progress Report on FY24, Inflation

Update 759 — Not Quite Done Yet:Progress Report on FY24, Inflation This week saw incremental progress on two of the most vexing economic policy challenges of recent times. Yesterday, Congress averted the latest shutdown threat, passing another Continuing Resolution (CR) keeping the government open but setting deadlines for later this month to finish appropriations measures …

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