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total of almost 16 million new jobs created under the Biden Harris administration and continuing a 41 month run of continuous job gains Job gains were significant in health care and construction While the labor...Street Economics at the New York Federal Reserve examined the distributional effects of inflation and inflation stabilization The Brookings Institution analyzed the history of tariffs and predicted that...selected recommendations from the latest papers out this morning Partisan Expectations and COVID Era Inflation The Lasting Impacts of Middle School Principals Industrial Policy in the Global Semiconductor Sector...

December 2024 to January 2025 Headline CPI U inflation was 0 47 percent Food price inflation was 0 36 percent Energy price inflation was 1 08 percent Core CPI U inflation was 0 45 percent From January 2024 to...to January 2025 Headline CPI U inflation was 3 00 percent Food price inflation was 2 50 percent Energy price inflation was 0 97 percent Core CPI U inflation was 3 26 percent Note Core CPI U excludes food...energy Table 1 Consumer Price Index Jan 2025 Dec 2024 M M difference Jan 2024 Y Y difference Month over month inflation Consumer Price Index 0 47 0 36 0 11pp 0 34 0 13pp Core Consumer Price Index 0 45 0 21 0...

December 2024 to January 2025 Headline CPI U inflation was 0 47 percent Food price inflation was 0 36 percent Energy price inflation was 1 08 percent Core CPI U inflation was 0 45 percent From January 2024 to...to January 2025 Headline CPI U inflation was 3 00 percent Food price inflation was 2 50 percent Energy price inflation was 0 97 percent Core CPI U inflation was 3 26 percent Note Core CPI U excludes food...energy Table 1 Consumer Price Index Jan 2025 Dec 2024 M M difference Jan 2024 Y Y difference Month over month inflation Consumer Price Index 0 47 0 36 0 11pp 0 34 0 13pp Core Consumer Price Index 0 45 0 21 0...

December 2024 to January 2025 Headline CPI U inflation was 0 47 percent Food price inflation was 0 36 percent Energy price inflation was 1 08 percent Core CPI U inflation was 0 45 percent From January 2024 to...to January 2025 Headline CPI U inflation was 3 00 percent Food price inflation was 2 50 percent Energy price inflation was 0 97 percent Core CPI U inflation was 3 26 percent Note Core CPI U excludes food...food and energy January 2025 Inflation Update 1 Table 1 Consumer Price Index Jan 2025 Dec 2024 M M difference Jan 2024 Y Y difference Month over month inflation Consumer Price Index 0 47 0 36 0 11pp 0 34...

Newsroom Members 2024 Joint Economic Report Data and research State Inflation Tracker Employment Update Debt Dashboard Fiscal Update Inflation Update GDP Update Expenditures Update Social Capital Project Vice...Schweikert Today s downward GDP growth revision reveals a critical slowdown in consumer spending as inflation remains well above the Fed s 2 percent target But the Biden administration cannot sugarcoat the...Newsroom Chairman Schweikert on February Jobs Report Feb 12 Newsroom Chairman Schweikert on January Inflation Report Read the full 2023 Joint Economic Report Read the report Read the full 2024 Joint Economic...

recent fiscal year to date net outlays Below is a table reflecting total outlays by category last month the total over the last 12 months as well as the last two prior fiscal years The parenthetical represents...represents the share of total net outlays the category represents in the given period Outlay Category Last Month January 2025 Last 12 Months FY2024 FY2023 Medicare 134 97 billion 21 0 990 89 billion 14 0 874 13...most recent fiscal year to date net receipts Below is a table reflecting total receipts by type last month the total over the last 12 months as well as the last two prior fiscal years The parenthetical represents...

Newsroom Members 2024 Joint Economic Report Data and research State Inflation Tracker Employment Update Debt Dashboard Fiscal Update Inflation Update GDP Update Expenditures Update Social Capital Project 2024...Administration s policy choices outlined in the Report have obstructed economic growth exacerbated inflation and driven up interest costs on the debt exacerbating the nation s debt crisis The Republican section...Administration s policy choices over the past year which have propelled deficit growth and caused inflation to persist well past its peak in 2022 The FY2023 deficit was 1 7 trillion the third highest on record...

classes per individual 11 Because this number is indexed to 2017 dollars we first adjust it for inflation using the CPI U and CBO s projections of CPI U for the next 10 years In addition Cawley et al estimates...estimates that excess obesity costs are rising at a rate of 1 93 percent per annum in inflation adjusted dollars For this reason we apply an additional adjustment to the annual excess medical costs due...Managed Care and Specialty Pharmacy 27 no 3 2021 354 66 https doi org 10 18553 jmcp 2021 20410 7 inflation and the 1 93 percent annual increase outlined in Cawley et al Next we take Census projections of...

levels at or below 2 5 percent between 2010 and 2022 has reversed 5 In response to the spike in inflation observed in 2021 and 2022 the Federal Reserve raised interest rates The result has been an increase...relationship between three macroeconomic variables presented below 11 1 the inflation adjusted growth rate of the U S economy g 2 the inflation adjusted interest rate on U S Federal debt r and 3 the primary deficit...size of deficits debt stabilization has become more precarious While current CBO projections of inflation adjusted interest rates remain smaller than the forecasted real growth rate of the economy the gap...

multipolar globe and the possibility of the erosion of the relative status of the dollar due to fiscal inflation might move the point of financial reckoning closer than anticipated 8 The failure of the 6 Jack...K was in a similar position in the 19th Century and first decades of the 20th Century On fiscal inflation see Barro and Bianchi and Dorn on the privileged position of the U S on debt sustainability see...Bianchi Fiscal Influences on Inflation in OECD Countries 2020 2022 NBER Working Paper no 31838 November 2023 https doi org 10 3386 w31838 James A Dorn The Menace of Fiscal Inflation Cato Institute blog June...