More Than 75 Million Americans Won’t Pay Federal Income Tax This Year
Nearly half of Americans won't be paying any federal income tax this year.
Economy
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August Employment Report Shows Solid Job, Wage Growth
August nonfarm payroll growth came in better than expected while the unemployment rate was unchanged at 3.9%. Wages increased as well, but June and July job growth was cut by a combined total of…
The Hutchins Center Explains: The Phillips Curve
With inflation continuing to run at a low rate and unemployment also at multi-decade lows, a well-known economic indicator--the Phillips Curve--works its way into many stories about today's economy. Here's what that means.
8 Nations Facing Sky-High Interest Rates and Inflation
The list of nations with troubled economies has grown in 2018, and these are just eight of the nations in which interest rates or inflation have become sky high.
US New Construction Spending Inched Higher in July
U.S. spending on new construction reached a seasonally adjusted annual level of $1.3 trillion in July, including a year-over-year increase of 6% in private residential construction.
Personal Spending and Disposable Personal Income Keep Rising Over Time
Personal spending more or less matched personal income gains in July. What stands out here is that the changes to prior years look much stronger on the surface, particularly when you look at the…
While Q2 GDP Is Revised Up, Expectations for Q3 GDP Start to Take Shape
Wednesday's economic reporting brought the first revision to second-quarter gross domestic product.
Half of All Firearms-Related Deaths Occur in 6 Countries
Results of a new study of firearm-related deaths were published Tuesday in the Journal of the American Medical Association. Just six countries accounted for half the total in 2016 with Brazil and the United…
Consumer Confidence at Highest Level Since October 2000
The Conference Board's consumer confidence index rose to a near 18-year high in August as consumers assessment of current business and job market conditions continued to improve.
In Potential Blow to China’s Economy, Air Pollution Affects Brain
A number of studies have shown that air pollution causes deaths in large Chinese cities. More recent research shows another damaging result.
The Fed Fight Over Interest Rates
The Federal Reserve's Bullard and Powell can debate as much as they like. It will not be long before the economy shows who is right.
New Evidence That Losing Your Job Is Even More Stressful for Black Americans
Losing a job is a stressful event for anyone but the impact of short-term unemployment on African-Americans takes a harsher toll on mental health than it does for white Americans.
Wessel’s Economic Update: Are Trump’s Tariffs Hurting the US Economy?
Brookings Institution senior fellow David Wessel examines possible effects of the Trump tariffs on the U.S. economy.
Jackson Hole: Ask Not How Many Rate Hikes, but Whether Target Rates Can Be Maintained
The annual Federal Reserve symposium at Jackson Hole, Wyoming, starts on Friday, and Fed watchers are pulling out their binoculars. Fed Chair Jay Powell is set to speak in the aftermath of being publicly…
Flash PMI Readings Show Weaker US Growth in August
Some economic reports look strong. Others look weak. At the end the day, a bad economic report is a bad economic report.