While the well-behaved financial media outlets pinned the sell-off in stocks on Wednesday morning on the unexpected increase rise in core inflation, the severity of the moves in equities and bonds indicates something more is at work.
Donald Trump will have a powerful tool at his disposal in his debate with Kamala Harris this week: the lamp of experience.
If you squint at the latest jobs report, you might find something to cheer about. But if you look at it with clear eyes, what you really see is an economy downshifting and bracing for impact.
We have arrived on the eve of the most important jobs report in years.
To watch Dollar Tree’s stock plunge is to watch, in real time, the unraveling of the economic mythology which Biden and Harris have been preaching for the past four years.
The wheels on the U.S. manufacturing sector are not going around and around. They appear to be coming off altogether.
If someone were inventing a curse to fit our immediate economic era, they might put it this way: “May you live in an age of interesting revisions.”
There’s an electorally powerful coalition for American first economic policies from border security and deportation, to tariffs and trade, to energy abundance and independence.
The federal funds futures market is pricing in a cut in each of the remaining three meetings of the Federal Open Market Committee this year.
Running on “joy” might not be a winning formula for Democrats in a political environment in which inflation is still the most pressing issue facing voters.
Cutting rates too quickly could lead to a resurgence of inflation, forcing the Fed into a tighter monetary policy stance down the road.
This week’s shockingly large downward revision of jobs suggests that the Biden-Harris economy’s job record is not benefiting Americans as much as it appeared to be because a huge number of the jobs are going to illegal border crossing migrants.
Despite Kamala Harris’s claims, manufacturing employment is shrinking, and the manufacturing sector has been contracting.
The Biden-Harris administration’s claim to be building prosperity “from the bottom up” is belied by the lagged and building wage effects of their open borders policy.
The Biden-Harris administration has controlled the White House for nearly four years, and voters are unlikely to forget Kamala Harris’s role as the chief cheerleader for Biden’s widely disliked economic policies.
Someone forgot to tell the American consumer that interest rates are supposedly so restrictive that they risk pushing the U.S. economy into a recession.
Just when you thought it was safe to venture back into the grocery stores, food inflation is roaring back.
In a presidential election year, many economic surveys cannot escape the gravity of expectations about the outcome of the presidential election.
The economists are probably right and the market is probably wrong when it comes to forecasting the Fed’s interest rate policy over the remainder of this year.
The surge in Democrat optimism about their prospects to retain the White House may come crashing down on the shoals of an economy widely viewed as sick and increasingly seen as veering toward a recession.
The Kamalanomenon is having a big impact on how people view their economic prospects, but you have to look at the data closely to see it.
Absent some economic catastrophe, there’s almost no chance of an emergency rate cut in August.
While we cannot say for sure that the death of the soft-landing and the market sell-off was caused by Kamala Harris, surely anyone investigating the matter should consider the vice president a person of interest.
It looks like the market is finally going to get what it has wanted for over a year—a rate cut from the Federal Reserve.
The manufacturing sector is actually in a serious slump deep enough that it threatens the labor market, the construction sector, and growth in the broader economy.
Donald Trump on Wednesday threw a monkey-wrench into the plans of Democrats to claim he wants to cut Social Security when he proposed ending federal taxes on the benefits of retirees.
Kamala Harris has entered the presidential race burdened by her deep ties to the widely disliked Biden economy.
Will Fed officials stick by their forecast of a single rate cut this year or capitulate to financial markets that are pricing in multiple cuts this year?
Kamala Harris should be very worried about consumer sentiment. Unless she can inspire a sharp increase in economic confidence, she is likely to lose the presidential election in November.
Economic growth picked up more than expected in the spring, not only undermining the case for rate cuts but also raising the possibility that the Federal Reserve still has not done enough to cool the economy off to bring inflation down to its two percent target.
The resurgence of claims that Donald Trump’s proposal for a 10 percent across-the-board tariff amounts to a tax on the American middle class calls for a deeper dive into why these assertions miss the mark.
Kamala Harris has been a fervent supporter of Joe Biden’s unpopular economic policies, which makes it hard to convince Americans that things will change if they vote for her.
The announcement that President Biden has halted his campaign to seek a second term puts pressure on the Federal Reserve to hold off on interest rate hikes until after the election.
What is it going to take to move the market off its conviction that the Federal Reserve will cut interest rates in September?
In an act of political expediency veiled as economic policy, the Biden administration this week announced its support for national rent control.
President Joe Biden on Tuesday unveiled a national rent control scheme capping annual rent increases at $55.
The federal funds futures market now implies a near certainty—a 98 percent chance—that the Fed cuts at its September meeting and then over a 90 percent chance that it cuts again in either November or December.
There was a brief explosion of interest on Monday morning in the idea that the Federal Reserve might cut interest rates at its July meeting. Fed Chairman Jerome Powell effectively shot down the idea on Monday afternoon.
An inflation election highly favors Republicans.
A Fed rate cut on the eve of the election would inevitably be seen as a partisan political gift to incumbent Joe Biden and would invite backlash from Republicans.
