On MSNBC’s Morning Joe today, Steven Rattner charted the surprisingly positive recent trends in American economic inequality. Amidst our many economic concerns – from inflation to a potential recession – there’s also some good news on the economy: Income inequality, while admittedly still at extraordinary levels, has begun to narrow. A meaningful part of the growth […]
Yesterday’s Consumer Price Index report was almost entirely encouraging, welcome news to both the White House and the financial markets. December became the sixth consecutive month to show lower overall inflation on a year-over-year basis, with prices 6.5% higher than a year earlier. On a month-to-month basis, prices notched their largest monthly decline (-0.1%) since […]
On MSNBC’s Morning Joe today, Steve Rattner charted New York’s fall from favor – and Florida’s rise – among the wealthiest Americans. Newly released tax data for 2020 shows that wealthy New York residents moved south in substantial numbers, with Florida as the big beneficiary. And more recent Census data shows that New York lost […]
Steve Rattner’s Morning Joe Charts: The Fed Is Feeling Pessimistic DECEMBER 15, 2022 As expected, the Federal Reserve raised interest rates by 0.5% on Wednesday, its seventh consecutive increase. While this hike was smaller than prior increases, the central bank signaled that the fight against inflation may be tougher than envisioned, and the consequences for […]
Steve Rattner’s Morning Joe Charts: Tesla, Twitter, and Elon Musk DECEMBER 14, 2022 Elon Musk’s antics have had a notable business effect on his biggest endeavor (and the source of the largest component of his wealth), Tesla. Until Musk’s Twitter purchase, Tesla had enjoyed high net favorability ratings among both Democrats and Republicans. But now […]
President Biden will visit Phoenix on Tuesday to celebrate the construction of a new semiconductor manufacturing facility being built there by the Taiwan Semiconductor Manufacturing Corporation, the world’s largest chipmaker and the manufacturer of the most sophisticated chips. Getting the facility located in the United States is a significant part of our strategy to become […]
It’s going to be an expensive Thanksgiving dinner this year for Americans – but that’s not the fault of the Biden administration or the Federal Reserve. Put the problem down to a series of mostly unrelated exogenous events, from bird flu to (possibly) climate change. This year, a homecooked dinner for an average family of […]
On MSNBC’s Morning Joe today, Steve Rattner charted just how tough the housing market has gotten for would-be buyers. Recent data from the National Association of Realtors shows that the nation is facing a new housing crisis: the decreasing ability for first-time aspiring buyers — particularly Americans of color — to purchase a home. And […]
As midterm election campaigns draw to a close, two perhaps-surprising facts have emerged from the “money chase.” First, as much as $9 billion is likely to be spent on just Senate and House races. And second — contrary to some public perceptions — money is not the Democrats’ problem. The escalation in overall campaign spending […]
On MSNBC’s Morning Joe today, Steve Rattner explained the Fed’s latest decision – and where things stand in the central bank’s uphill battle against inflation. The Federal Reserve announced its fourth consecutive 75-basis-point interest rate increase on Wednesday as part of its continuing battle to contain raging inflation. That was expected. But what wasn’t expected […]
