Jefferson: Economic Mobility and the Dual Mandate (2025)

From youtube.com/forexcom|11 hr ago

Risk appetite is stabilizing at the US open, but traders are still focused on US-Japan trade negotiations, with both parties trying to keep their currencies from strengthening. ...

From statcan.gc.ca|11 hr ago

In March, prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 0.5% month over month and increased 4.7% year over year. ...

From cnbc.com|11 hr ago

India’s Prime Minister Narendra Modi and U.S. Vice President JD Vance on Monday hailed the “significant” progress made in trade talks between the two sides during Vance’s visit to ...

From imf.org|11 hr ago

The global economic system under which most countries have operated for the last 80 years is being reset, ushering the world into a new era. Existing rules are challenged while new ones are yet to emerge. Since late January, a flurry of tariff announcements by the United States, which started with Canada, China, Mexico and critical sectors, culminated with near universal levies on April 2. The US effective tariff rate surged past levels reached during the Great Depression while counter-responses from major trading partners significantly pushed up the global rate. The resulting epistemic uncertainty and policy unpredictability is a major driver of the economic outlook. If sustained, this abrupt increase in tariffs and attendant uncertainty will significantly slow global growth. Reflecting the complexity and fluidity of the moment, our report presents a range of forecasts for the global economy. post: IMF LOWERS 2025 U.S. ECONOMIC GROWTH FORECAST TO 1.8% FROM 2.7% IMF LOWERS 2026 U.S. ECONOMIC GROWTH FORECAST TO 1.7% FROM 2.1% post: IMF cuts 2025 global GDP growth forecast to 2.8% from 3.3%. post: IMF LOWERS 2025 CHINA ECONOMIC GROWTH FORECAST TO 4% FROM 4.6% IMF LOWERS 2026 CHINA ECONOMIC GROWTH FORECAST TO 4% FROM 4.5% post: IMF: Global inflation expected to reach 4.3% in 2025 and 3.6% in 2026, with notable upward revisions for advanced economies.

From youtube.com/imf|11 hr ago

In this press briefing, IMF staff release the World Economic Outlook. The World Economic Outlook (WEO) is a publication produced by the Research Department and published on a ...

From philadelphiafed.org|10 hr ago

Upward economic mobility. It is the basis of the American Dream — that we can work and save and, through time, continually move up the ladder of success. But for too many Americans, this analogy of the economic ladder doesn’t just fall short, it seems entirely out of place. Instead of a ladder, these workers and their families find themselves on something more akin to a treadmill. They continue to put one foot in front of the other, yet they feel as if they’re stuck in place. Even worse, some feel as if the incline on their treadmill is increasing, so they’re not just staying in place but they’re working harder to do so. And with that, their American Dream doesn’t just remain out of reach but is moving further away. The lived experiences and economic realities of these workers and their families are impacted by both pillars of the Federal Reserve’s dual mandate. First, we know matters of price stability directly impact families, especially those already working hard just to meet their basic living expenses. And then there is the Fed's second charge — maximum employment. I have written before that while there may be a textbook definition of maximum employment — the highest level of employ post: Fed’s Harker does not comment on economic, monetary policy outlook

From philadelphiafed.org|10 hr ago

From @financialjuice|6 hr ago

From @DeItaone|8 hr ago|38 comments