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Majority Staff Reports 10 Reducing Tax Impediments to Capital Formation 11 Median Family Income and Inflation Mismeasurement 26 Costs and Consequences of the Federal Estate Tax 34 Five Challenges that China...current feature of the U S economy is the lower and more stable pace of inflation we have experienced While most broad measures of inflation provide similar information we nonetheless use the core PCE on a year...lower rate of inflation depicted there has helped to calm financial mar kets reduce risk premiums and improve the credibility of the mon etary authority This persistently lower rate of inflation has in turn...

During 2012 the economy continued to grow at a modest rate the labor market continued to heal and inflation remained low Most economists are projecting moderate growth in 2013 However if Congress is unable...growth over the near term even as fiscal policy turns to a sustainable track over the longer term Inflation remained modest in 2012 Consumer prices excluding food and energy which are historically volatile...rose about 2 percent over the past 12 months That is within the Federal Reserve s target range for inflation Wage growth remained modest The Federal Reserve continues to pursue an expansionary monetary policy...

function of labor costs within the supply chain going up It would be a mistake to view this source of inflation as a reason to back down from ambitious goals for the US labor market Likewise while port capacity...

September 2023 PCE Inflation Report Republican Staff Commentary September 2023 PCE Inflation Release Republican Staff Commentary KEY TAKEAWAYS At 8 30am BEA announced that in Sep Real DPI disposable personal...decline in the personal savings rate Headline PCE inflation printed at 36bps m m while core PCE inflation printed at 30bps m m o Actual PCE inflation was quite close to the JEC macro model s forecast of...could lower inflation w o triggering a recession 2 Absent tighter fiscal and monetary policy inflation would remain sticky above the Fed s 2 target While down from its four decade high inflation remains far...

September 2023 PCE Inflation Report Republican Staff Commentary Q3 2023 GD Advanced Estimate Report Republican Staff Commentary KEY TAKEAWAYS At 8 30am the BEA announced that in Q3 The economy expanded...inventory accumulation 1 32 Despite these strong numbers economy inflation re accelerated to 3 5 and remains far above the Federal Reserve s 2 inflation target Next month the BEA will release a second estimate...Presser Nov 03 08 30AM Employment Situation Report Nov 14 08 30AM Consumer Price Index JEC State Inflation Tracker Nov 17 10 00AM State level Unemployment...

September 2023 PCE Inflation Report Republican Staff Commentary Econ Intel Special Edition Republican Staff Commentary OUTLOOK FOR Q4 REAL GDP Yesterday the Atlanta Fed revised up its nowcast of Q4 real...

September 2023 PCE Inflation Report Republican Staff Commentary October 20 3 PCE Inflation Report KEY TAKEAWAYS At 8 30am BEA announced that in October Personal income increased by 0 2 percent m m 57 1B...than prices Real PCE personal consumption expenditures rose by 0 2 percent m m 26 3B Headline PCE inflation printed at 0 0 percent m m 0 049 was rounded down to zero o This is a substantial change from the...The negligible increase in headline inflation will likely be highlighted in media covering this data release but it should be taken with a grain of salt Core inflation excludes highly variable energy and...

then adjusted these cost estimates to both isolate the cost in a single year and to adjust for inflation The total annual economic burden of flooding in the United States is between 179 8 and 496 0 billion...flooding costs motivate continued cost effective investments in resilience Recent legislation like the Inflation Reduction Act Bipartisan Infrastructure Law and Water Resources Development Act of 2022 have made...in situations where the estimates were expressed over a multi year time span and to adjust for inflation by convert all dollar values into December 2023 dollars using the Consumer Price Index for December...

drugs and drug companies wouldn t have to reimburse patients when they hike prices faster than inflation o Seniors would lose out on the 2 000 out of pocket cap for prescription drugs o This would remove...production that are cutting pollution and lowering emissions see page 365 Project 2025 would repeal the Inflation Reduction Act which is helping to combat climate change and spurring billions of dollars in clean...

October 2023 PCE Inflation Report Republican Staff Commentary KEY TAKEAWAYS At 8 30am BLS announced that in Oct Headline CPI inflation was zero m m after rising 0 4 last month o The food and shelter indexes...were offset by declines in other categories o Notably the gasoline index fell by 5 0 m m Core CPI inflation was 0 2 m m after rising 0 3 last month o This measure excludes the volatile food and energy categories...categories o Notable increases occurred in rents car insurance medical care and recreation Headline inflation is 3 2 y y still well above the Fed s 2 target Separately BLS announced that in Oct Real average...