Economic experts are predicting trouble for President Biden as the nation heads toward a November general election, leaving little time for his administration to fix the stubbornly high inflation plaguing Americans. Inflation currently stands at 3.3% year over year, according to Labor Department statistics. Although it’s down from a near-record high of 9.1% in June … Read more
The North Star of macroeconomic policy—the ideal point toward which fiscal and monetary measures are intended to take us—is an America where jobs are plentiful and prices rise by 2 percent a year. And we may have come to just that place. In May, the US economy added 272,000 jobs, far more than economists had … Read more
As markets closed Wednesday, the conventional wisdom went something like this: The Federal Reserve may cut interest rates just once this year. And a number of investors weren’t thrilled. At the end of 2023, Wall Street was buzzing with as many as seven rate cuts in 2024. The result was a concern after the Fed … Read more