Economy

Bringing Prices Down: A Progress Report

We’re a month into Trump 2.0. We don’t have February’s prices yet, but since Trump was going to do everything…

11 hours ago

EPU and Expected Inflation | Econbrowser

From election day, five year inflation breakeven up 33 bps; EPU up 231. What could go wrong? Figure 1: Top…

1 day ago

NBC News: “USDA says it accidentally fired officials working on bird flu and is trying to rehire them”

From NBC News. I know the Trump Administration doesn’t care about ordinary people dying from malnutrition, lack of access to…

2 days ago

AP: “Trump begins firings of FAA air traffic control staff just weeks after fatal DC plane crash”

Article here. When I read this, I’m reminded: In 2015, during the Obama administration, a new safety rule was adopted…

3 days ago

The Russian Economy: How Many Contingent Liabilities?

It seems like a funny question to ask given Russian government debt to GDP isn’t that large. Craig Kennedy argues…

4 days ago

A Trade War Interpreted in a Blanchard IS-LM Model

I was promised an all-out trade war by Trump, and all I got was a lousy 10% tariff on China,…

5 days ago

Who Gave this Guy an Economics Ph.D. (cont’d)?

Remember when Heritage Foundation’s EJ Antoni posted on X this graph? Well, I think a lot of the puzzle has…

6 days ago

Food Prices – CPI (at home), PPI

Not apparently going down: Figure 1: CPI-food at home (blue), PPI-food (tan), both in logs 2021M01=0. Source: BLS, and author’s…

1 week ago

Year-Ahead CPI Inflation Expectations in January: 3%-3.3%

From Michigan, NY Fed, and Atlanta Fed SoFIE: Figure 1: Year-on-Year CPI inflation (bold black), Cleveland y/y nowcast as of…

1 week ago

Egg Prices – A Continued Upward March?

Tomorrow, we’ll get a reading on January egg prices at the consumer level.  With futures prices at about $5.2 in…

1 week ago