A big week of data for the United States economy is happening this week. Here is a rundown: Monday, September 12 Federal Reserve Bank of New York’s Consumer Inflation Expectations. Forecast 6.1 percent. Tuesday, September 13 National Federation of Independent Business Optimism Index. Forecast 91.1 U.S. annual inflation rate. Forecast: 8.1 percent. U.S. annual core […]
Inflation
‘Other than that, Mrs. Lincoln, how was the play?’: Paul Krugman’s ‘Biden Boom’ falls flat again
Keynesian economist Paul Krugman is at it again. In a fresh New York Times blog post, Krugman discussed the “Biden Boom” in the labor market, writing that workers have never had it better, thanks to President Joe Biden’s policies. Here is what he wrote (emphasis ours): “President Biden has presided over a huge employment boom… […]
Central bank-hating Pierre Poilievre chosen as Canada’s new Conservative leader
Canada’s Conservative Party has a new leader: Pierre Poilievre. The name might not be familiar in the United States, but he rose to prominence during the coronavirus pandemic, particularly during the Trucker Convoy, as he slammed Prime Minister Justin Trudeau and his policies, from employing the Emergency Act to spending to oblivion. But what makes […]
In Truss We Trust? Many Britons don’t have much confidence in new prime minister
Liz Truss has only been the British prime minister for a few days and already Britons do not possess much confidence in her. Here is a YouGov poll confirming low confidence in key issues, from handling the Ukraine-Russia military conflict to curbing the soaring cost of living.
Brace yourselves, higher interest rates are here to stay, Fed’s Lael Brainard warns
Brace yourselves, high interest rates are here to stay – for now. This was the message Federal Reserve Vice Chair Lael Brainard had for the United States economy. Speaking at an event in New York, Jerome Powell’s likely successor purported that inflation is hurting low-income Americans the most (though Paul Krugman claimed that inflation only […]