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ECONOMIC UPDATE July 15 2024 This Week in Focus Last week the latest inflation data showed overall monthly inflation decreased by 0 1 in June the first time the measure has declined in two years As JEC...Advisers CEA released briefs on the potential labor market impacts of artificial intelligence cooling inflation in Q2 2024 and the implications for distribution and growth when tariffs are used as a major source...

smart technologies VPPs can manage energy demand and reduce costs for consumers Policies like the Inflation Reduction Act IRA are already supporting this transition Additional resources for long distance...

the United States has added over 15 3 million jobs and at 3 9 the unemployment rate remains near historic lows In April the unemployment rate was 5 6 for Black workers 4 8 for Hispanic workers 2 8 for Asian...

primarily made up of bills 4 52 weeks notes 2 10 years and bonds 20 30 years Others include Treasury Inflation Protected Securities Cash Management Bills and Floating Rate Notes A bid to cover ratio of 2 or...

by 0 37 percent m m That means after tax income rose faster than prices Headline PCE price index inflation was 0 24 percent m m All goods PCE price index fell by 0 06 percent m m o Durable goods PCE price...Services PCE price index rose by 0 38 percent m m Core PCE price index inflation was 0 27 percent m m Core PCE price index inflation excludes the more volatile food and energy indices Real personal consumption...Headline PCE price index inflation was 2 3 percent o The Federal Reserve s 2 percent target refers to the annual change in the headline PCE price index PCEPI Core PCE price index inflation was 2 8 percent Table...

over the last year slightly lower than the 3 5 reading in March Our economy remains strong with inflation down nearly two thirds since its peak two years ago Thanks to the smart economic policies promoted...

quarter of the year Inflation data from last Friday also showed that price growth has slowed dramatically These readings along with the broader trend of stabilizing growth and falling inflation will be front...affordable child care is limiting further labor market participation rate gains for prime age women Low inflation and strong levels of investment mean the next president is set to inherit a booming economy More...

Labor accuses Hyundai and two contractors of using child labor in an Alabama factory Funds from the Inflation Reduction Act and Bipartisan Infrastructure Law to reduce emissions and reduce concentration in...our selected recommendations from the latest papers out this morning An Analysis of Pandemic Era Inflation in 11 Economies Broadband Internet Access Economic Growth and Wellbeing Risky Oil It s All in the...

include witnesses from Array Technologies and Employ America On the data front we will get new CPI inflation data on Wednesday that is expected to show muted price increases and the Federal Reserve is expected...Announcement The FOMC is likely to keep rates where they are and reiterate that clearer progress on inflation is needed to begin easing rates Thursday June 13th Jobless Claims The forecast is for weekly jobless...

would expand the refundable portion of the credit While this expansion does not go as far as the historic overhaul included in the American Rescue Plan it represents an important step forward in the fight...