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Explaining key issues that are influencing the economy's path—and policy debates—as they occur. The whole "Making Economics Make Sense" thing...

Byron Gangnes

Aug 31, 20231 min read

UHERO Blog post. After the Maui wildfires: The road ahead

This collaborative UHERO report explores frameworks for assessing the devastating impacts of the Maui wildfires, their ongoing effects,...

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Byron Gangnes

Aug 29, 20231 min read

JOLTS show continued gradual labor market easing

July JOLTS data from the US Bureau of Labor Statistics (BLS) showed a continuing decline in the job openings. The excess demand for labor...

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Byron Gangnes

Aug 25, 20231 min read

Why 2%? Powell reconfirms Fed’s inflation target

Federal Reserve Chair Jerome Powell reiterated the central bank’s commitment to a 2% inflation target at the Jackson Hole Economic...

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Byron Gangnes

Jul 25, 20233 min read

The FOMC and the labor market, a pre-meeting update

Today begins the two-day FOMC meeting on interest rates. The Fed is widely expected to raise the federal funds rate by a quarter point to...

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Byron Gangnes

Jul 24, 20232 min read

Base effects and inflation progress

Base effects are back in the economic conversation as inflation falls from its mid-2022 peaks. So what are base effects and why do they...

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