Guest Contribution: “The Federal Funds Rate: FOMC Projections, Policy Rule Prescriptions, and Futures Market Predictions from the September 2024 Meeting”
[ad_1] Today, we present a guest post written by David Papell and Ruxandra Prodan-Boul, Professor of Economics at the University of Houston and Economics Lecturer at Stanford University.
Bloomberg Economics: Mass Deportation Impact on GDP, Inflation
[ad_1] From Bloomberg Economics: I’m not sure if the calculations include the expansionary effects of spendings billions of dollars on a the infrastructure (i.e., “System
Wisconsin GDP Revised Up (a lot!)
[ad_1] Wisconsin GDP grew at 4.2% SAAR in Q2. The 2023Q4 figure was raised 2.7% by the annual update (the corresponding figure for US GDP
“It’s almost as if you have no economics training at all…”
[ad_1] With apologies to Kramer’s boss in Seinfeld. From Oren Cass’s “Trump’s Most Misunderstood Policy Proposal: Economists aren’t telling the whole truth about tariffs,” The
Q2 GDP Growth by State
[ad_1] The country is in the black, overall, according to Friday’s release. Battleground states outlined in red. Source: BEA (27 September 2024), as edited by
ZeroHedge: “Mystery Of Upward GDP Revision Solved”
[ad_1] “You Are All $500 Billion Richer Now According To A Revised Biden Admin Spreadsheet” (9/27/2024). I won’t dissect the non-arguments in the article. I’ll
Main Street Agenda town hall meeting in Milwaukee: Inflation
[ad_1] A Main Street Agenda town hall meeting on inflation to be held Tuesday, Oct. 15, from 6 to 8 p.m. at the Clinton Rose
Misery Index, 2020M12 and 2024M08: 8.0% vs. 6.8%
[ad_1] With latest available data: Figure 1: Misery Index, calculated as simple sum of unemployment rate and 12 month CPI inflation rate. NBER defined peak-to-trough
Consumer Sentiment and Expectations (Rev’d) in September
[ad_1] Upward revisions for both indices from University of Michigan Survey of Consumers: Figure 1: University of Michigan Consumer Sentiment for Democrats (blue, left scale),
Business Cycle Indicators – August 2024 and Annual Updates
[ad_1] Still hard to see the recession in (preliminary) August 2024 data. Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary