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 […]
On MSNBC’s Morning Joe today, Steven Rattner charted positive trends in the economy, highlighting Friday’s strong jobs report and recent declines in commodity prices, while acknowledging that headwinds, especially with respect to consumer behavior, could lie ahead. The American economy is at an extraordinary inflection point – much to celebrate but also much to worry […]
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 […]
