Economic News
2022
Economic Commentary: Updating Our Labor Dashboard
Economic Commentary: Premonitions Of The Pandemic
Economic Commentary on Emerging Markets: Tested By The Fed
Economic Commentary: Central Business Districts: Out of Office
Economic Commentary: Costs and Benefits of Sanctions
Economic Commentary on European Central Bank: Tightening in the Face of Adversity
Economic Commentary: Supply Chains Are Slowly Mending
Economic Commentary: Economic Toll of Heat Waves
Economic Commentary: The Dollars Dominance
Economic Commentary: Chinas Real Estate Problem
Economic Commentary: Immigration Improving
Economic Commentary: More Money Supply, More Problems
Economic Commentary: Abenomics Lives On
Economic Commentary: Beyond Boris
Economic Commentary: Our Latest Views On Recession
Economic Commentary: Fuel For Thought
Economic Commentary: Who is Buying Russian Oil?
Economic Commentary: Mid-Year Themes
Economic Commentary: Of War and ESG
Economic Commentary: Mexico's Strong hand Weakens Trade
Economic Commentary on Labor Readings: No Sign of Recession
Economic Commentary: An Active Week For Central Banks
Economic Commentary: Governance For Global Trade
Economic Commentary: Modernizing Inflation Measurements
Economic Commentary: FOMC Preview
Economic Commentary: Housing Is Correcting, Not Crashing
Economic Commentary: Recession Talk Is Exaggerated
Economic Commentary: Japan Finally Gets Some Inflation
Economic Commentary: Labor Force
Economic Commentary: U.S, Consumers Are Getting Credit
Economic Commentary: Getting Hitched is Getting More Expensive
Economic Commentary: How Inflation Went From Dormant to Dominant
Economic Commentary: Fuel Prices Volatile, Fluid
Economic Commentary: What's Fueling Food Inflation?
Economic Commentary: New Business Formation Holds Up
Economic Commentary: Do Short-Term Price Shocks Create a Long-Term Inflation?
Economic Commentary: Can We Repeat The 1994 Soft Landing?
Economic Commentary: The Fed Picks Up The Pace
Economic Commentary on Chinas Renminbi Depreciation: Red Flag?
Economic Commentary: The Italian Job
Economic Commentary: Drugs and Long COVID Prevent Full Employment
Economic Commentary: How Mind Games Played Out in Monetary Policy
Economic Commentary: Higher Wages Dent Profits
Economic Commentary: House Price Hit the Roof in Canada and Australia
Economic Commentary: Rumors of the Dollar's Demise Are Greatly Exaggerated
Economic Commentary: Taxing Times Ahead
Economic Commentary on Recession Risks: False Precision
Economic Commentary: The Latest Supply Chain Complication
Economic Commentary French Elections: C'est L'ecnonomie, Stupide
Economic Commentary Emission Disclosures: Sunlight on Climate Risks
Economic Commentary On The Road Again: Personal Reflections
Economic Commentary: The Power of Petroleum
Economic Commentary Oil Intensity: Return on Investment
Economic Commentary: Governments Step In To Shield Consumers
Economic Commentary: Should the Fed Fear the Yield Curve?
Economic Commentary Soft Landings: Skill Mets Luck
Economic Commentary: Consequences for India from the Russia-Ukraine War
Economic Commentary: The View on Europe, From Europe
Economic Commentary Gasoline: Premium Prices
Economic Commentary: Supply Chains Can't Catch a Break
Economic Commentary: The Impact of War on Emerging Markets
Economic Commentary Russia and Ukraine: Frequently Asked Questions
Economic Commentary Update On The Russian Conflict: Economic Combat Begins
Economic Commentary: SWIFT Thinking
Economic Commentary: Heavy Metal Diplomacy
Economic Commentary on Ukraine-Russia: A Crude Shock
Economic Commentary: Rate Expectations
Economic Commentary: Neutral Interest Rates
Economic Commentary: Rents On The Rise
Economic Commentary: Consumer Credit Growing
Economic Commentary: Canada Bridgegate
Economic Commentary: Unwinding Quantitative Easing Won't Be Easy
Economic Commentary: Rebuilding Inventories
Economic Commentary on Greenflation: Unwelcome Growth
Economic Commentary: No Pivot Yet For The ECB
Economic Commentary: The State And Local Government Crisis That Wasn't
Economic Commentary Russia: Sanctions and Shortages
Economic Commentary on Labors Love Lost: A Deep Dive Into "The Great Resignation"
Economic Commentary Investment Strategy Commentary: Market Pullback
Economic Commentary: Supply Side Problems Persist
Economic Commentary: Industry Concentration And Inflation
Economic Commentary: Child Tax Credit Concludes
Economic Commentary Investment Perspective: Twin Peaks?
Economic Commentary: Last Year's Saving Is This Year's Spending
Economic Commentary: The Cost Of Poor Government Accounting
Economic Commentary: Keeping Schools In Session
Economic Commentary: In Like A Lion
Economic Commentary Quarterly Report: And the Band Played On
Economic Commentary: Too Much Cash Is Not A Good Thing
Economic Commentary: Revising Impressions of the Labor Market
Economic Commentary: Omicron Is Burning Brightly, But May Burn Briefly
2021
Economic Commentary: The BBB Breaks Down
Economic Commentary: The Fed Picks Up The Pace
Economic Commentary: U.S. Labor Market Dashboard
Economic Commentary: Europe's Central Banks Diverge
Economic Commentary: Omicron's Emergence
Economic Commentary: Cooperation at COP26
Economic Commentary The Fed's Taper: Accelerando
Economic Commentary: COVID - 19 Threatens Europe's Recovery
Economic Commentary: Will Wages And Prices Spin Out Of Control?
Economic Commentary on U.S. Infrastructure Bill: Public Works
Economic Commentary on Germany: Moving Into the Slow Lane?
Economic Commentary: In Need Of A Boost
Economic Commentary: Working Through It
Economic Commentary: Central Banks Try To Stay Ahead of the Curve
Economic Commentary on Labor: Strike While the Iron Is Hot
Economic Commentary: Tomorrow's Green Energy Is No Help Today
Economic Commentary: Talking Turkey
Economic Commentary: Case Studies in COVID-19 Control
Weekly Economic Commentary: Award - Winning Remarks
Economic Commentary: Testing the Consequences of Climate Change
Economic Commentary: Testing Times For Multilateralism
Economic Commentary: The Fed's Ethics Are Being Tested
Economic Commentary: Top Economic Risks For the Fourth Quarter
Economic Commentary: Revisiting Inflation Expectations
Economic Commentary: Mounting Headwinds For The U.K.
Investment Strategy Commentary: The Energy Challenge
Economic Commentary: Early Retirement
Economic Commentary: Gradually, Then Suddenly
Economic Commentary: Bracing For A Cold (And Expensive) Winter
Economic Commentary: Undoing Unemployment
Economic Commentary: Will Germany Get Stuck At A Traffic Light
Economic Commentary: China Confronts Minsky And Moral Hazard
Economic Commentary Fed Update: Don't Fear the Taper
Economic Commentary: Canada Elections Back to Square One
Economic Commentary Fed Preview: Time To Taper
Economic Commentary Fiscal Policy: A September to Remember
Economic Commentary: What Next For Europe's Fiscal Rules?
Economic Commentary:China's Debts Are Coming Due
Economic Commentary: This Expansion Doesn't Get A Lot
Economic Commentary: Food For Thought
Economic Commentary: Trucking Is In The Slow Lane
Economic Commentary: Hot Summer for Climate Events
Economic Commentary: Asian Supply Bottlenecks Add To Breakneck Inflation
Economic Commentary: Teenagers Rediscover Employment
Economic Commentary & Summer Reading: Perspectives On The Pandemic
Economic Commentary: House Prices Are Raising the Roof
Economic Commentary: Coming Out Of Retirement
Economic Commentary: British Parallels
Economic Commentary: The Global Economy Has An Inventory Problem
Economic Commentary: Eviction Moratorium Overstays Its Welcome
Economic Commentary: Their Return of Industrial Policy
Economic Commentary on Inflation: What's the Worst That Could Happen?
Economic Commentary: Auto Inventories: Pass the Chips
Economic Commentary: The Fed Stays the Course
Economic Commentary: Britain Breaks Its Word
Economic Commentary: Delta Force, ECB's Strategy Review, State of the States
Economic Commentary: The "Summer of Labor", Latin Lethargy and Sweden's Light Lockdowns
Economic Commentary: Themes of the First Half of 2021
Economic Commentary: Brexit, Restaurants, Boeing and Airbus
Economic Commentary: Fed Signals a Shift, Commodities, Inflation Anomalies
Economic Commentary: Demographics, Housing, Olympics
Economic Commentary: Productivity, Australia, Returning to Work
Economic Commentary: Inflation's Past, Present and Future
Economic Commentary: China's Recovery, U.S. Trade Deficit, Household Well-Being
Economic Commentary: Biden Goes Big, U.S. Debt Ceiling, Scotland Elections
Economic Commentary: Fed's Patience Tested, Slow Labor Markets, India's COVID Crisis
Economic Commentary: "Buy American," Economics of Sports, Tax Evasion
Economic Commentary: Worker Retraining, India's Second Wave, Evidence of Recovery
Economic Commentary: Corporate Taxes, Labor Market Slack, Chip Shortages
Economic Commentary on Infrastructure: U.S. Proposal, Global Gap, Digital Divide
Economic Commentary: Digital Currencies, Mortgage Forbearance, Pets
Economic Commentary on Inflation: Base Effects, Supply chain Disruptions and Aging Populations
Economic Commentary: A Year of COVID-19, Child Benefits, Democracies
Economic Commentary: Hawks and Doves, China's Two Sessions
Economic Commentary: Evolving Risks, School Reopenings, Long-Term Rates
Economic Commentary: Long-Term Growth, Tourism, Bankruptcies
Economic Commentary: Vaccine Nationalism, Minimum Wage, Rising Energy Prices
Economic Commentary: Growing Stimulus and Student Loan Proposals, Weakening China-Australia Trade
Economic Commentary: Reflation, Rents and Rome
Economic Commentary: Emerging Debt Distress, Fed Goes Green, Bitcoin
Economic Commentary: Vaccination, Stimulus, Agriculture
Economic Commentary: Populism, Pent-Up Demand, China Sanctions
Economic Commentary: Senate, Stimulus, and Brexit
2020
Economic Commentary: New Stories in New Data
Economic Commentary: Themes of 2020
Economic Commentary: Brexit, Shipping, Fed Asset Purchases
Economic Commentary: Janet Yellen, Consumer Spending, RCEP
Economic Commentary: The K-Shaped Recovery
Economic Commentary: U.S.-China Outlook, Fed’s Programs Ending, Presidential Authority
Economic Commentary: Vaccine Hopes, European Contagion, Permanent Unemployment
Economic Commentary: Elections and Liquidity Traps
Economic Commentary: Infrastructure and Education
Economic Commentary: Immigration, Population, Contagion
Economic Commentary: Trade in 2020
Economic Commentary: ENVIRONMENT, U.S. REGULATORY OUTLOOK, AND CHINA’S DEBT MARKETS
Economic Commentary: U.S. Healthcare, Child Care, Recovery from Debt
Economic Commentary: U.S. Fiscal Outlook, Chinese Investment, Stalemates
Economic Commentary: Brexit, Fed’s Lending Programs, Young Adults Come Home
Economic Commentary: Low Inflation, National Champions, Unemployment
Economic Commentary: Fed Reconsiders Inflation, Japan Stalls, Housing Holds Up
Economic Commentary: Policy Stalls, Tariffs Return, Schools Reopen
Economic Commentary: Government Debt, Liability, and the She-Cession
Economic Commentary: Life With and After COVID-19
Economic Commentary: How to Aid States, China Recovers from COVID-19, Mortgage Rates Falling Slowly
Economic Commentary: Automatic Stabilizers, Public Transit, and Money Supply React to COVID-19
Economic Commentary: Tracking COVID-19 Setbacks, Saving Takes Hold, Sports Leagues Stall
Economic Commentary: Trade in a COVID-19 World, Unemployment Support, Bank Stress Tests
Economic Commentary: COVID-19’s Resurgence, Commercial Real Estate, and Tourism
Economic Commentary: Banks Weather COVID-19, Mobility Data, and Poverty
Economic Commentary: Perplexing Jobs Report, Brexit Carries On, Food Demand Shifts Amid COVID-19
Economic Commentary: Civil Unrest, Value Chains Adjusting Due To COVID-19, Yield Curve Control
Economic Commentary: The Slow Arc of Recovery, Help Wanted for Housing, and Brazil Braces
Economic Commentary: Recovery in China, Auto Sales Stalled, Mexico Shows Restraint
Economic Commentary: Small Businesses and Oil Market Shocked by COVID-19, but Don’t Rush Reopening
Economic Commentary: Risks and Remedies for U.S. Consumers, India Joins the Fight
Economic Commentary: COVID-19 Brings Policy Responses, Risks to Emerging Markets, and Hoarding
Economic Commentary: Fiscal Stimulus Stalls, Travel Slows, Oil Slides
Economic Commentary: Central Banks Spring Into Action While Coronavirus Adds To Europe’s Ailments
Economic Commentary: COVID-19’s Effects on Central Banks, Supply Chains, South Korea and Japan
Economic Commentary: Inspecting Inflation
Economic Commentary: Census Season, Coronavirus Contagion, and the Dish on Davos
Economic Commentary: Tail Risks Rising, Iran’s Economic Misery, and 737 MAX/Min
Economic Commentary: Economic Outlook for 2020
2019
Economic Commentary: Reflecting on 2019
Economic Commentary: Quick Takes
Economic Commentary: China’s Slowdown, Australia’s Stimulus, Laffer’s Legacy
Economic Commentary: What’s Happening With Wealth Taxes, Steady Energy Prices, Unsavory Tariffs
Economic Commentary: One More Fed Cut; Low Rates Propelling Government Debt
Economic Commentary: Clearing Paths for Both Brexit and Fannie and Freddie
Economic Commentary: “Phase One” Among Several, Canada Elections, and Nobel Prize for a Noble Cause
Economic Commentary: Climate Change
Economic Commentary: The Fed’s Dilemma, Draghi’s Parting Gift, Mortgage Rate Meltdown
Economic Commentary: U.S Labor Force Grows, Brexit Gets Worse, Sanctions Expand
Economic Commentary: Europe Flirts With Recession
Economic Commentary: Hong Kong Under Stress, Central Banks Take It Easy
Economic Commentary: Challenging China’s State-Reported Economic Data
Economic Commentary: China Challenges Resume
Economic Commentary: Regime Change
Economic Commentary: Fed Preview, Japan-Korea Tensions, Debt Ceiling Lifted
Economic Commentary: Worldwide Challenges for the Automotive Industry
Economic Commentary: India’s Treasures, China’s Treasuries, Europe’s Treasurer
Economic Commentary: China Trade Truce, Vietnam in the Spotlight
Economic Commentary: Demographics
Economic Commentary: Fed Preview
Economic Commentary: Tracking Trade Conflicts in Asia and Mexico
Economic Commentary: European Elections, Tariff Consequences
Gains in U.S. productivity are encouraging. Will they endure and spread globally?
Trade Talks, the Middle-Income Trap, and CECL
Global Economic Outlook - May 2019
Negotiation and Ratification: Hurdles Remain for China Talks and the USMCA
Tracking Public Costs: Fiscal Follies, the Strong Dollar, and Incarceration
Fed Candidates Cross a Line; Illinois Finds Its Way
Uneven Recovery Brings New Attention to Old Ideas
Global Growth Slows, Yield Curve Inverts, and Latin America Feels the Pinch
Brexit Gets a Red Card, and the Fed Flattens its Dots
Fed's Balance Sheet Runoff Will End, but ECB Isn't Finished
Climate Change Matters to Investors and Leaders
Shifting Strategies in Site Selection, China Trade Negotiations, and Inflation Targeting
Investigating Ireland, Surveying Spain, and Diagnosing Data
Fannie and Freddie Face Their Fates
Challenges for the Fed and the Eurozone
China Struggles, Brexit Flops, and Conditions Tighten
Uncertain Markets, Unending Shutdown
2018
Economic Commentary: Tough Times for the Fed, China Negotiators and Brexit
Economic Commentary: Pension Pain
An Educated Look at Student Debt
Brexit Drama Reaches a Fever Pitch
The Policy Effects of the U.S. Midterm Election
Economic Themes for the Next Five Years
The IMF Faces An Uncertain Future (October 26, 2018)
Understanding "NEWFTA" (October 19, 2018)
Changing Climate (October 12, 2018)
Is There Hope For Illinois (October 5, 2018)
Post-Crisis Reflections on Europe (September 28, 2018)
The Fed Reaches for the Stars (September 21, 2018)
Learnings From Lehman Brothers (September 14, 2018)
Really Ready for Retirement? (September 7, 2018)
A Testing Time For Inflation Targeting (August 30, 2018)
Infrastructure Remains a Missed Opportunity (August 24, 2018)
Turkey's Month of Reckoning (August 21,2018)
Brexit at the Cliff's Edge (August 10, 2018)
India Works To Unlock Its Potential (August 3,2018)
Preserve The Federal Reserve’s Independence (July 27, 2018)
The Fed's Balance Sheet May Remain Larger for Longer (July 20, 2018)
Agriculture Around the World (July 13, 2018)
Frequently Asked Questions About Trade, Interest Rates, Brexit, and More (July 6, 2018)
Trade Battles: Who Will Blink First? (June 29, 2018)
Viewing Trade Barriers From Both Sides (June 22, 2018)
The Fed Pursues Net Neutrality (June 15, 2018)
A Tale of Two Koreas (June 8, 2018)
The Madness of Crowding Out (May 25, 2018)
Anticipating the Next Recession (May 18, 2018)
The States Are Strapped (May 11, 2018)
A NAFTA Retrospective (April 27, 2018)
Ireland's Anxiety (April 20, 2018)
Checks and Balances (April 13, 2018)
Grandmasters of Trade (April 6, 2018)
One Year Until Brexit (March 30, 2018)
Automation And Inflation: An Uncertain Linkage (March 23, 2018)
Further Thoughts On Trade Policy (March 16, 2018)
Trying Tariffs (March 9, 2018)
Tariffs Put Markets on Alert (March 2, 2018)
Budget Busting (February 23, 2018)
Fanning the Flames (February 16, 2018)
Reflation and Reflection (February 9, 2018)
Freddie, Fannie, Finis? (February 2, 2018)
Currency Kerfuffle (January 26, 2018)
Monetary Targets and Tactics (January 19, 2018)
The Tale of Tax Reform (January 12, 2018)
2017
This Week: The Spirit of the Season (December 22, 2017)
This Week: Themes of 2017 (December 15, 2017)
How Should The Fed React To Tax Reform? (December 8, 2017)
Is There Slack Left in the U.S. Labor Market? (December 1, 2017)
Things We Are Thankful For (November 22, 2017)
Still Laboring (November 17, 2017)
Is The Timing Right For Tax Reform? (November 10, 2017)
Meet The New Boss (November 3, 2017)
Tax Cut Calculus Remains Complicated (October 27, 2017)
China’s New Nationalism (October 20, 2017)
Puerto Rico: Left On An Island (October 13, 2017)
The Middle East Prepares for Economic Disruption (October 6, 2017)
Misbehavior Complicates Economic Outcomes (September 29, 2017)
The Tipping Point for Central Banks (September 22, 2017)
The Parable Of The Broken Window (September 15, 2017)
Corporate Tax Reform Is Long Overdue (September 8, 2017)
Reflections on the Houston Hurricane (September 1. 2017)
The Fading Light of Monetary Policy (August 25, 2017)
Policy Antidotes to Rising Drug Prices (August 18, 2017)
Why Are U.S. Wages Stuck In A Rut (August 11, 2017)
Monetary Policy Rules Revisited (August 4, 2017)
Will Bond Markets Need Saving? (July 28, 2017)
Automation and Anxiety (July 21, 2017)
French Revolution (July 14, 2017)
The U.S. Labor Market Through A Different Lens (July 7, 2017)
Mid-Year Musings (June 30, 2017)
Europe Is On The March (June 23, 2017)
The United Kingdom Faces a Rising Degree of Difficulty (June 17, 2017)
Will High-Rises Come Down to Earth? (June 9, 2017)
We Should Be Giving More Credit to Students, Not Less (June 2, 2017)
Interesting Times In Asia (May 26, 2017)
China's Trilemma (May 19, 2017)
What Does It Mean To “Buy American?” (May 12, 2017)
A Body Check to U.S./Canada Relations (May 5, 2017)
Will the French Election Prove Revolutionary? (April 21, 2017)
Keeping a Cap on Oil Prices (April 13, 2017)
Emerging Monetary Divergence (April 7, 2017)
Political Reality Trumps Policy Ambition (March 31, 2017)
Bring On Brexit (March 24, 2017)
Global Supply Chains Contain Inflation (March 17, 2017)
The Fed’s Rationale for Raising Rates (March 10, 2017)
The World Can’t Afford to Retire (March 3, 2017)
If You Build It, Will They Come? (February 24, 2017)
Central Banking at a Crossroads (February 17, 2017)
An Economic Look at Deregulation (February 10, 2017)
NAFTA's Complicated Legacy (February 3, 2017)
Fuzzy Math on Fiscal Policy (January 27, 2017)
Cash to Chips, Bricks to Clicks (January 20, 2017)
Playing Chess With China (January 13, 2017)
2016
Highlights of the Year (December 16, 2016)
FOMC Preview Getting Ready for the New Regime (December 9, 2016)
Decision Day for Italy (December 2, 2016)
The View From Far Away (November 23, 2016)
The Bond Market’s Ballot (November 18, 2016)
An Economic Analysis of the U.S. Election (November 10, 2016)
The Two Faces of the U.S. Labor Market (November 4, 2016)
Trying To Avoid A Bad Trade (October 28, 2016)
Breaking Up Is Hard To Do (October 21, 2016)
A Taxing Campaign (October 14, 2016)
The Myths of Manufacturing (October 7, 2016)
U.S. Health Care Needs Major Surgery (September 30, 2016)
Rules and Rulers (September 23, 2016)
A Hawkish Hold (September 21, 2016)
Where's the Inflation (September 16, 2016)
Beware of Larger for Longer (September 9, 2016)
Emerging Markets in Improved Position (September 2, 2016)
LIBOR – Checkered Past, Pressured Present (Aug 2016)
Looking Past the Olympic Carnival (Aug 2016)