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 […]
On MSNBC’s Morning Joe today, Steven Rattner used the occasion of the reopening Russian stock market to chart the collapse of the country’s economy, highlighting important indicators while also taking note of the global community’s dependence on Russian commodity exports. After shutting down its stock market on February 28, Russia partially reopened its exchange for trading on […]
On MSNBC’s Morning Joe today, Steven Rattner charted Wednesday’s policy shift for the Federal Reserve as the central bank revises its economic projections and attempts to tackle the country’s highest inflation in 40 years. As our economic recovery has gathered speed – and brought with it significant inflation – the Federal Reserve has been moved […]
On MSNBC’s Morning Joe today, Steven Rattner explained why despite considerable sanctions against Russian financial institutions, Russia’s energy sector continues to be spared due to global dependence. The developed world has imposed the most robust set of sanctions in memory on Russia in response to its invasion of Ukraine except for one important detail […]
