On Morning Joe today, Steven Rattner explained the macroeconomic context of the UK’s current turmoil. Below are three supporting charts: With the pageantry and tradition of the passing of Queen Elizabeth in the rear view mirror, the United Kingdom is now fully engaged in dealing with its most tumultuous episode of both political and economic […]
The Labor Department reported Friday that the Great American Jobs Machine grinds on – but paradoxically, that’s not good news for markets. And Americans continue to return to work slowly while inflation outpaces wage growth. The nation added 263,000 jobs in September – continuing a long run of monthly job increases – while the unemployment […]
On Morning Joe today, Steven Rattner discussed the latest figures on the national debt, which just crossed the $31 trillion mark. Below are four supporting charts: In the first 200 years of our nation’s existence, we accumulated $4 trillion of debt (including the cost of fighting two world wars). In the subsequent three decades, we […]
On MSNBC’s Morning Joe today, in the context of the Federal Reserve’s latest interest rate increase, Steven Rattner charted the central bank’s latest economic projections, noting that as interest rates head higher to confront stubborn inflation, the likelihood of an economic downturn (and a weak stock market) also rises. As expected, the Federal Reserve raised […]
On MSNBC’s Morning Joe today, Steven Rattner charted August’s disappointing inflation report, one that rattled markets and placed greater pressure on the Federal Reserve to hike interest rates more aggressively next week. The August Consumer Price Index results that were reported Tuesday proved a deep disappointment to economists, the financial markets and presumably, the White […]
On MSNBC’s Morning Joe today, Steven Rattner charted recent trends in the job market, taking note of possible causes of America’s labor shortage, which has helped encourage fast wage growth — and inflation. Gasoline prices have fallen sharply, and that’s great news for both consumers and the Biden administration. But a labor shortage continues to […]
On MSNBC’s Morning Joe today, Steven Rattner charted how cutting back on funding to the Internal Revenue Service led to a diminished workforce and fewer audits of wealthy Americans at the expense of much-needed tax revenue. In the days since Congress approved higher funding for the Internal Revenue service, conservatives have been taking aim at […]
On MSNBC’s Morning Joe today, Steven Rattner charted July’s CPI report, noting that while some inflationary pressures eased last month, strong price growth continues to hurt workers and consumers. President Biden capped off a good week with an inflation report that was modestly better than expected. To be clear, prices are still rising unacceptably quickly, […]
On MSNBC’s Morning Joe today, Steven Rattner charted the policy proposals in the Schumer/Manchin package (also known as the Inflation Reduction Act), highlighting the deal’s fiscal prudence and meaningful steps towards America’s climate goals. The Senate has put off its planned adjournment today (Friday) to continue work on its big domestic Schumer/Manchin package, the successor […]
On MSNBC’s Morning Joe today, Steven Rattner charted the American economy’s contraction for the second quarter in a row while noting that calls of a recession are likely premature given labor market strength. The Commerce Department reported yesterday that the nation’s economy contracted for the second quarter in a row, meeting the common definition of […]
