Article • Dean Baker’s Beat the Press
After Fourth Quarter GDP, Economy Looks Solid Unless Fed Derails It
Inflation
GDP Grows 2.9 Percent in 4th Quarter, Driven by Inventories and Service Consumption
There is more evidence that inflation is moderating. The largest source of weakness, residential investment is virtually certain to be far less of a drag in future quarters.
Article
What to Look for In the Fourth Quarter 2022 GDP Report
The economy grew at a strong 3.2 percent annual rate in the third quarter
Article
Biden Gets a Solid ‘A’ at His Midterm
As we approach the midpoint of President Joe Biden’s first term, there is little doubt that he deserves a solid “A.”
Data Bytes
Inflation Preview: What to Look for in the December CPI
We are likely to see a somewhat worse picture in the core index in December, although another sharp drop in gas prices should ensure the overall inflation rate is again below 0.2 percent.
Data Bytes
Preview: What to Expect in the December Jobs Report
The big question is whether evidence of labor market weakening will show up in the December jobs report.
Article • Mark Weisbrot’s Columns
(The Buffalo News) Fed Will Cause Unnecessary Harm to the US and World Economy Next Year
The Buffalo News: Here are eight predictions for the coming year, in accordance with a hallowed tradition that I have previously not honored.
Article • Dean Baker’s Beat the Press
Real Consumption Rises as Inflation Decimates People in Joe Biden’s America
Mark Weisbrot’s Columns
(The Los Angeles Times) Inflation Is Falling Much Faster than Most People Know
The Los Angeles Times: The way inflation is looking these past five months, the Fed should take a break from its interest rate hikes before it causes the next recession.
Data Bytes
Preview: What to Look for in the November CPI
Gas prices will again show a drop in November, but the biggest questions will be with the core index.
