Economics
Latest
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April CPI Shows Inflation Is Still Out of Control
Today, the Bureau of Labor Statistics estimated the Consumer Price Index (CPI) grew by 0.3 percent in April and 8.3 percent over the past year. Core...
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Fed’s Interest Rate Hike Underlines Importance of Reducing Debt
The Federal Open Market Committee (FOMC) of the Federal Reserve just announced an interest rate hike of 50 basis points, pushing the federal funds...
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CPI Inflation Tops 8.5% Over a Year in March
The Consumer Price Index (CPI) jumped 1.2 percent in Marc h, and is now up 8.5 percent from a year ago – the highest year-over-year increase in 40...
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The 2021 U.S. Economy in Ten Charts
2021 was a unique year in economic history. Assisted by new COVID vaccines, accommodative monetary policy, and trillions of fiscal stimulus, the US...
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How Would Higher Interest Rates Affect Interest Payments?
Interest on the national debt is projected to be the fastest growing part of the federal budget. We estimate, based on the Congressional Budget Office...
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2021 Inflation Totaled 6.7 Percent
The Bureau of Labor Statistics (BLS) today released Consumer Price Index (CPI) inflation data for December 2021. Based on BLS’s data, we estimate CPI...
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Reducing Build Back Better Inflation Risk
As we recently discussed, the House-passed Build Back Better Act is likely to be modestly inflationary over the next few years. Though we expect the...
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What Will Build Back Better Mean for Inflation?
With inflation on track to reach its highest annual rate since 1990, experts and advocates are in disagreement over whether the Build Back Better Act...
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State and Local Governments Flush with Cash
The Bureau of Economic Analysis (BEA) recently released data on state and local government spending and receipts in the third quarter of 2021...
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Reconciliation Unlikely to Produce $600 Billion in Dynamic Revenue
Policymakers are claiming their $3.5 trillion reconciliation package will be fully paid for by counting on $600 billion of dynamic feedback on top of...
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CBO Report Shows Infrastructure is More Pro-Growth When It's Paid For
The Congressional Budget Office (CBO) released a report today detailing the macroeconomic effects of two illustrative, $500 billion infrastructure...
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Trust Fund Solutions Would Be Pro-Growth
In our recent paper “ The Case for Trust Fund Solutions,” we showed that making the Social Security, Medicare, and highway trust funds solvent would...