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 […]

On MSNBC’s Morning Joe today, Steve Rattner broke down the markets’ view of the tightening race for control of Congress. Here are three supporting charts: With Election Day exactly two weeks away, polls are shifting in worrisome ways for Democrats and so are prediction (or betting) markets. While markets, like polls, have not always been accurate, […]

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 […]