Tag Archives: Economists

It’s a strange time for the US economy. Prices are rising, jobs growth has stalled, uncertainty is everywhere and stock markets have soared to record highs. Against this background a scary word last used in the 1970s is being uttered again: stagflation. GDP chart Stagflation is the term that describes “stagnant” growth combined with “inflation” of prices. It means that …

Many economists say Friday’s disappointing jobs report is sending warning signals about the pace of hiring across the U.S. and the broader health of the economy.  Employers added only 22,000 nonfarm jobs in August, far short of Wall Street analyst forecasts of 80,000, while the nation’s unemployment rate rose to 4.3% — the highest level since October of 2021, when the …

Is Jobs Data Still Reliable? Why Economists Say Yes.  The New York Times Trump ahead of Friday jobs report: ‘Real numbers’ will be ‘a year from now’  The Hill Lutnick predicts ‘better’ job number accuracy after Trump fired BLS chief  CNBC Why Trump’s firing of the US jobs chief has economists worried  The Guardian Trump already downplaying importance of August jobs report ahead of …

As it has for more than a hundred years, the Bureau of Labor Statistics (BLS) will release its latest monthly jobs report on Friday. But the routine monthly update on the health of the US jobs market has been overshadowed by Donald Trump’s firing of the agency’s commissioner, Erika McEntarfer, hours after July’s statistics were released last month. The BLS’s …

Nearly 600 economists signed an open letter Tuesday warning that President Donald Trump‘s attempt to fire Federal Reserve Governor Lisa Cook threatens the central bank’s independence and erodes trust in a key pillar of the U.S. financial system. “Good economic policy requires credible monetary institutions. Credible monetary institutions, in turn, require the independence of the Federal Reserve,” they wrote in …

Washington — The Trump administration’s 10% stake in Intel, announced not long after President Trump had called on the chip maker’s CEO to resign, is being criticized by conservatives and some economic policy experts alike, who worry such extensive government intervention undermines free enterprise.  Kevin Hassett, director of the White House National Economic Council, may have fueled those misgivings, telling …

What economists are watching for in tomorrow’s PCE inflation and spending data  MarketWatch The Fed’s Preferred Inflation Gauge, PCE, Is Due Tomorrow. Here’s What to Know.  The Wall Street Journal US Inflation to Edge Up as Powell Shifts on Job Market: Eco Week  Bloomberg.com PCE Inflation Likely Ticked Up in July. That May Complicate the Fed’s Next Rate Decision.  Barron’s Euro Forecast: EUR/USD Recovers …

White House says jobs surging among U.S.-born. Here’s what economists say.  The Washington Post Millions Of American Workers Just Appeared. Why That Might Be A Mirage  Investopedia ‘A multiple-count data felony:’ Trump administration busted for ‘misleading’ job claim  NewsBreak: Local News & Alerts Source link

David Solomon, CEO of Goldman Sachs, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22nd, 2025. Gerry Miller | CNBC Don’t mess with DJ D-Sol — Goldman Sachs CEO David Solomon’s stage name when he’s rocking the clubs in his other life as a DJ. U.S. President Donald Trump criticized Goldman on Tuesday …

People shop for pet supplies at a pet retail store in New York City, Aug. 12, 2025. Spencer Platt | Getty Images Goldman Sachs is taking the heat for its call that heavier tariff-induced consumer inflation is ahead, but it’s far from alone in that view among its Wall Street brethren. Despite investors’ embrace of Tuesday’s fairly benign consumer price …