On MSNBC’s Morning Joe today, Steven Rattner explained why the proposed federal gas tax holiday would offer Americans little reprieve as they fill up their tanks and why it would fail to address the root causes of record prices at the pump. President Biden took to the airwaves on Wednesday afternoon to try to address […]
On MSNBC’s Morning Joe today, Steven Rattner charted Friday’s inflation report, noting how a broad-based increase in prices over the past year has driven consumer sentiment to an all-time low and prompted a surge in interest rates. Friday’s Consumer Price Index report was a stunner – overall inflation accelerated to an 8.6% increase from the […]
On MSNBC’s Morning Joe today, Steven Rattner charted recent trends in global energy, noting that supply and demand imbalances continue to plague markets and drive oil and gas prices even higher. Gasoline prices are continuing to move relentlessly higher – with little that Washington is likely to be able to do to stem the rising […]
On MSNBC’s Morning Joe today, Steven Rattner charted the American consumer’s spending patterns, noting that despite elevated inflation and declining real wages, Americans haven’t stopped their spending spree. Will they? This week, President Biden put inflation fighting at the top of his economic agenda. While Biden is late to the inflation issue, his attention is […]
On MSNBC’s Morning Joe today, Steven Rattner charted the stock market’s recent declines amid souring investor sentiment, economic headwinds, and rising interest rates. The stock market is off to its worst start since 1940 as it is beset by a variety of headwinds, from rising interest rates to wobbly consumer demand to the pressure of […]
On MSNBC’s Morning Joe today, Steven Rattner discussed April’s inflation report, noting that while headline figures declined for the first time in months, underlying data suggests that the outlook for price growth remains uncomfortably high. Prices rose more slowly in April than the previous month but still by 8.3% over last year. And looking under […]
On MSNBC’s Morning Joe today, Steven Rattner discussed yesterday’s announcements from the Federal Reserve, charting recent trends toward higher interest rates and the outlook for inflation and economic growth. The Federal Reserve hiked interest rates by 0.5 percentage points on Wednesday, its largest single increase in more than two decades and more than was expected […]
On MSNBC’s Morning Joe today, Steven Rattner charted the current outlook for Democrats in the midterm elections and noted that historical data suggests Democrats are likely to lose more ground as November approaches. The 2022 midterm elections are just over 6 months away and current data suggests that on present course and speed, Democrats are […]
On MSNBC’s Morning Joe today, Steven Rattner charted the ongoing price surge in the American economy, highlighting the extent to which workers and consumers are losing more and more ground to inflation. The Labor Department released the March Consumer Price Index figures on Tuesday and it was not a pretty picture. Prices rose by 8.5% […]
On MSNBC’s Morning Joe today, Steven Rattner charted the recent extraordinary increases in housing costs – from mortgage rates to home prices to rental expenses. Amidst all the economic volatility underway, few sectors are oscillating more than housing, in ways that are affecting different groups of Americans in disparate ways and doubtless affecting their views […]