If it seems like the homeless population has grown, that’s because it has — everywhere. According to the annual point-in-time survey, there are almost 71,000 more people experiencing homelessness this […]
Tag: inflation
Voters have every right to complain about inflation
Against the odds, the Federal Reserve’s effort to guide the U.S. economy to a soft landing — reducing inflation without causing a recession — seems to be working. Recent data […]
Funny how the price of turkey suddenly became no big deal
May I be so bold as to note that the price of turkey is down this year? To be specific, a 16-pound turkey now costs an average $27.35. That’s a […]
Biden’s cereal problem
President Biden has two significant challenges heading into his 2024 re-election campaign — his age and the price of cereal. Let me explain his cereal problem first. Author and academic […]
Food inflation is a hardship outside the Fed’s control
by Claudia Sahm It’s nearly impossible to have a conversation about inflation without mentioning food prices. And no wonder, as they are up 24% since the start of the pandemic […]
‘Greedflation’ theory no longer the fringe
“Greedflation” is an economic theory that emerged around 2021 as an explanation for the sky-high inflation we were experiencing. At first, even mainstream economists considered greedflation a left-wing fringe theory, […]
Despite political pressure, the Fed should hold firm
Two essential questions are facing the U.S. economy right now: whether the Federal Reserve’s next change in its policy rate will be a cut or an increase, and whether the […]
Bidenomics actually worked, but voters aren’t buying it
by Jonathan Bernstein Inflation is receding, unemployment is at or near record lows, US growth continues at a solid pace … and Americans are deeply pessimistic about the economy. More […]
‘Bidenomics’ a doctrine by accident
by Matthew Yglesias A string of positive economic news — slowing inflation, an upward revision in gross domestic product, continued strength in the job market, signs of a nascent surge […]
Federal Reserve pauses interest rate hikes, for now
Powell shows a level of caution that should continue to avoid recession After 10 consecutive interest rate hikes meant to squeeze down inflation, the Federal Reserve last Wednesday held steady […]
