Update 891 – Aug. Job Gains’ Slowdown;SBC Miran Fed Hearing Raises Concerns The August jobs report released this morning showed a much lower-than-expected 22,000 jobs added to the economy last month and a net 13,000 job loss in June, with Trump’s tariffs noticeably softening the labor market. The soft jobs data comes as the Trump …
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 869 – Treasuries Downgraded:Causes, Costs of Moody’s Rating Cut The United States’ debt rating was downgraded from Aaa to Aa1 by Moody’s Ratings on Friday. The move makes Moody’s the final of the three major credit rating agencies to move the nation’s credit rating down from triple A to one notch below perfect. Moody’s …
Update 837 — Key Nomination Hearings,CPI Report, CTC Bill Lead Week Roundup This week, Trump’s nominees for Treasury Secretary, HUD Secretary, and OMB Director faced pointed questioning by Democratic Senators ahead of coming confirmation votes by the committees of jurisdiction and the full Senate. The three nominees addressed a broad range of economic issues with …
Update 837: Nomination Hearings Lead Week’s Roundup Read More »
Update 836 — Deregulation and Beyond:Econ. Policy Agenda in Congress, Part 2 A modest gain for core consumer prices by 3.2 percent year-on-year in December’s CPI report — just under expectations and the first reduction in core prices since July — led this morning’s news. We will dive into the report and its implications for …
Update 798 — Harris Launches Campaign;HSCAG OKs Bill to Ban MOC Stock Trading On Sunday, after weeks of uncertainty, President Biden stepped down from the Democratic presidential ticket, endorsing Vice President Kamala Harris, who moved swiftly this week to consolidate sufficient support among DNC delegates to secure a first-ballot nomination at next month’s convention. Harris …
Update 798: Senate Cmte. Approves Bill to Ban Congressional Stock Trades Read More »
