Stay-At-Home Macro

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In July we added a 1/2 million jobs on net, wages rose briskly and the unemployment rate fell to its 50-year low. That's a sign of progress.
Claudia Sahm
22
7
The Fed has been usually specific this year about its plans, signaling the likely size of interest rate hikes ahead of time. Last week Chair Powell said…
Claudia Sahm
3
The Fed raised rates another 75 basis points this week in its aggressive effort to curb inflation. Worryingly, it sees the strength of workers as…
Claudia Sahm
17
4
We made it!
Claudia Sahm
11
1
Some experts say we need a recession to bring high inflation down. That's incorrect. Their model of the economy and views on what's causing inflation…
Claudia Sahm
29
17
The Fed says inflation expectations are anchored, but it worries they won't stay that way. What does that mean and why is it important enough to risk…
Claudia Sahm
16
2
372,000 more jobs in June and unemployment rate at 3.6%. We are not in a recession, but if the Fed gets too anxious about the labor market's strength…
Claudia Sahm
3
Last year the new Child Tax Credit sent money to families monthly, supporting kids from the poor to the middle class. It expired at the end of the year…
Claudia Sahm
17
7
Data are central to Fed policymaking, and that's a good thing. However, data are imperfect and do not speak for themselves, so sometimes they lead us…
Claudia Sahm
4
3
The Fed is raising interest rates to cool off demand and bring inflation down. That's trading one hardship for another. The White House and Congress…
Claudia Sahm
8
2
Gas is $5 a gallon. That's a dollar and half more than before Putin invaded Ukraine and two and half more than when the pandemic began. It's time to…
Claudia Sahm
17
7
The least democratic institution in the government is the only one trying to bring down inflation. That's far too risky. Congress and White House must…
Claudia Sahm
15
3
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