Economy
TIPP Poll data on Americans' perception of the economy is the foundation for this section. Topics covered include U.S. consumer confidence, consumer sentiment, job market, economic growth, recession, financial stress, economic outlook, personal financial outlook, federal economic policies. We also cover trade, taxes, and debt. Our TIPP economic optimism index, financial stress index, job sensitivity metrics, and other polling on current economic issues drive the discussions.
The Command Economy In Green Clothing: Britain’s Contracts For Difference And Their Nazi Predecessors
At the heart of the UK’s green industrial policy lies its “main mechanism for supporting low carbon electricity generation”: the Contract for Difference (CfD) scheme
Trump’s Fed Pick Kevin Warsh Begins New Role Friday
Warsh’s appointment follows a Senate confirmation vote last week that largely split along party lines
Iran War Impact: EU Raises Inflation Forecast Amid Oil Supply Crisis
Speaking to CNBC during the G7 finance ministers’ meeting in Paris, Dombrovskis described the situation as a “stagflationary shock,” warning that Europe is facing weaker growth alongside rising prices.
What Is Driving The Global Bond Market Selloff
The 10-year U.S. Treasury yield rose to 4.601%, its highest level in 15 months, while the 30-year bond remained above 5.1%, according to market data.
Bond Yields Surge As Inflation Pressures Mount
Recent economic reports showed inflation pressures continuing to build.
What New Retail Sales Data Says About The U.S. Economy
Retail sales increased 0.5% in April compared to the previous month, marking the third straight monthly gain.
Progressives And Conservatives Are Wrong About Taxing The Rich
Calls to “tax the rich” are, once again, gaining traction online in recent weeks. It kicked off last month after New York Governor Kathy Hochul proposed a new tax on second homes in New York City worth more than $5 million.
What Is Driving Higher Food Prices Beyond Gas Costs
According to Labor Department data, prices for food consumed at home rose 2.9% from a year earlier, the highest annual increase since August 2023. Restaurant and prepared meal prices also climbed, pushing overall food inflation to 3.2%.
Homebuyers Push Ahead Despite Rising Mortgage Costs
Mortgage rates in the U.S. climbed to their highest level in five weeks, but homebuyers continued returning to the housing market despite rising borrowing costs and economic uncertainty.
