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About the Economy blog
Explaining key issues that are influencing the economy's path—and policy debates—as they occur.
My many LinkedIn posts are archived under the More tab. Or click here for the very most recent.


CPI posts a soft month in February.We won't know for some time tariff effects on inflation.
We won't know for some time the tariff effects on inflation. The consumer price index rose a modest 0.2% in February, a sharp step down...
Mar 14


A solid, but not remarkable, employment report.
Stronger-than-expected job growth, but unemployment virtually unchanged. Markets are in a dither this morning because of concerns that a...
Jan 10


Immigration Economics
Also a U HERO blog post . Immigrants have always been an important part of America’s population. But for just as long there have been...
Jan 1


UHERO Bog Post: Why I know we are Not in Recession. (And When we'll know if we are.)
The US economy is not in recession. In this LinkedIn and UHERO article, I illustrate this by comparing the current situation to a past...
Sep 26, 2024


Japan Update: Struggling to escape inflation’s drag
by Byron Gangnes COVID's aftermath brought soaring inflation to Japan, a country that averaged less than 0.2% inflation between 1995 and...
May 21, 2024


The supply side: AI, immigration, and non-inflationary growth
UHERO blog post: The US economy surprised to the upside last year. Inflation receded rapidly without large-scale labor market pain. In...
Feb 21, 2024

Could the markets be right about coming Fed rate cuts?
UHERO blog post: There is a marked difference between what Fed officials expect about their likely interest rate cuts this year and what...
Jan 19, 2024

How do they measure CPI shelter inflation? How come?
by Byron Gangnes Since it keeps coming up, let me spend a few minutes explaining this. Here is a basic summary of the approach used by...
Dec 15, 2023


The Fed's Economy: A December Pre-Meeting Update
The Federal Open Market Committee begins its last meeting of the year tomorrow in Washington, DC. Here’s the economic picture they will...
Dec 11, 2023
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