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Inflation, Wages, and the Beauty of Base Effects
“Prices are going up and everyone wants someone to blame.” After much back and forth in 2021, the narrative on inflation in the United States has solidified: rather than being transitory as so many had hoped, rising prices are persistent and becoming increasingly problematic for the U.S. economy. It’s no secret that inflation (as measured…
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CFTC Report Offers a Roadmap for Financial Services Climate Regulation in a Biden Administration
Regardless of whether or not he will have a cooperative Democratic Senate majority, President-elect Biden has clearly signaled an intent to pursue an all-of-government approach to combatting climate change. In recent years, recognition of the systemic risks posed by climate change and the potential impact of financial services action has led to the adoption of…
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What to Watch for in the 2020 Housing Sector
The massive economic contraction of the pandemic has caused a surge in unemployment that is still shaking out. ADP’s monthly jobs report says over 20 million people lost their jobs in April, and it’s unclear if the first few weeks of May will bring an end to the surge in layoffs. Initial furlough numbers will…
