Joint Economic Committee

Chairman

Congressman Pat Tiberi (R-OH)

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CHART OF THE WEEK

 

Congressional Baseball Game: Net Scores By Year

 

Congratulations to the Democrats on their win in the 2017 Congressional Baseball Game. This week’s chart shows the winning team’s (blue is Democratic, red is Republican) margin of victory, since the first game in 1909.

 

JEC is grateful to the United States Capitol Police and other first responders for their heroism during the tragic shooting at the baseball practice on June 14 and salutes both teams for their sportsmanship, persistence, and charitable spirit.

 

LAST WEEK

News & Commentary Weekly Highlights

Wall Street Journal: Donald Trump Signs Order Seeking to Expand Apprenticeship Programs

Business Insider: Here's the Fed's plan to unwind its massive $4.5 trillion balance sheet

E21: The Fed Needs Only One Rule

Wall Street Journal: Google Faces Record EU Antitrust Fine

 

Top Economic Indicator Highlights

Consumer Price Index (April, data reported here as percentage change from 12 months ago)

 

Core CPI (excludes food and energy)           May: 1.7%      April: 1.9%       March: 2.0%

Headline CPI                                                   May: 1.9%      April: 2.2%       March: 2.4%

 

Noteworthy: While the Federal Reserve uses a broader measure of inflation (the personal consumption expenditures price index) to determine its goal of maintaining 2% average inflation, inflation as measured by the CPI continues to slow. If this trend continues, it diminishes the likelihood of additional Fed rate hikes like the one it announced last week.

           

JEC Releases

State Employment Reports

June FOMC Review

Four Takeaways on Obamacare’s Collapsing Enrollment

 

THIS WEEK

Upcoming Economic Data and Events

Monday

No releases

 

Tuesday

Philly Fed Non-Manufacturing Survey (8:30am)

 

Wednesday

Existing Home Sales (10:00am)

 

Thursday

Composite Indexes (10:00am)

 

Friday

New Residential Sales (10:00am)

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