By Robert Romano Don’t look now, but inflation over the past twelve months ticked upward from 2.4 percent in September to 2.6 percent in October following the Federal Reserve’s decision to begin cutting interest rates on Sept. 18 to 4.75 percent to 5 percent. Did the Fed start cutting too quickly? Maybe, but the other side […]

By Robert Romano “Simple question: Are you better off now than you were four years ago?” That was former President Donald Trump’s pitch to voters in Allentown, Pa. on Oct. 29 , quoting the oft-repeated adage from Ronald Reagan’s successful 1980 presidential bid that ousted then incumbent President Jimmy Carter. At the time, the U.S. was […]

By Robert Romano 368,000 fewer Americans reported having jobs in October and 150,000 more said they were unemployed in October, according to the latest household survey from the Bureau of Labor Statistics in the last report before the Nov. 5 presidential election between incumbent Vice President Kamala Harris and challenger former President Donald Trump. Overall, 161.49 million said they had jobs , which is about […]

By Robert Romano Overall consumer prices since President Joe Biden and Vice President Kamala Harris took office have increased more than 19 percent since the beginning of 2021 according to the latest data from the Bureau of Labor Statistics, but weekly earnings never caught up, only growing 17 percent in that […]

By Robert Romano The latest Emerson poll of likely voters from Sept. 29 to Oct. 1 once again shows that the top issues in the 2024 election between Vice President Kamala Harris and former President Donald Trump are the economy and inflation at 41 percent and immigration at 17 percent—and Trump still holds substantial leads over Harris on both issues. […]

By Robert Romano Minnesota Democratic Governor Tim Walz had no answer for CBS News’ debate moderators for why “voters say they trust Donald Trump on the economy more” than Vice President Kamala Harris in his Oct. 1 debate with Ohio Republican Senator J.D. Vance. Walz chose to dodge the question and shift his answer to talking about […]

By Robert Romano The North American Free Trade Agreement (NAFTA) was initially proposed by former President George H.W. Bush in 1992 — leading to his defeat at the hands of former President Bill Clinton and third-party candidate Ross Perot — and was signed into law by Clinton in 1993, with the support of […]

By Robert Romano Consumer confidence in the U.S. collapsed in September with its largest monthly decline since Aug. 2021 as U.S. households increasingly expected a weaker labor market, fewer job openings and less growth moving forward, according to the latest survey by the Conference Board . “Consumers’ assessments of current business conditions turned negative while views […]

By Robert Romano “As inflation has declined and the labor market has cooled, the upside risks to inflation have diminished and the downside risks to employment have increased.” That was Federal Reserve Chairman Jerome Powell at his Sept. 18 press conference on the heels of cutting the Federal Funds Rate to 4.75 percent to 5 percent , acknowledging the basic reality that the […]

By Robert Romano The U.S. Census on Sept. 10 released its annual reading of real household median income , finding that after adjusting for inflation, income is still below that of 2019 levels prior to the Covid pandemic, with 2019 being at $81,210 while 2023 came in still at $80,610 after […]