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"Supercore", which excludes food, energy, shelter and used cars, was up at only a 1.9% annual rate in April. That is the slowest rate since the takeoff of inflation in early 2021.

CPI inflation comes in close to expectations. The overall CPI cools slightly to 4.9% from a year ago. Prices at the gas pump jumped, while food prices at grocery stores moved sideways. Finally seeming eggs, a critical core protein for many households reach more reasonable

For The New York Times, I wrote about what's on everyone's mind this weekend: mother. With thoughts from Toni Collette, Michaela Jaé Rodriguez, and many more: nytimes.com/2023/05/13/sty…

There’s much concern that the next shoe to fall in the economy is commercial real estate. Indeed, CRE prices fell in the first quarter for the first time since the wake of the financial crisis over a decade ago. This, according to Moody’s Analytics repeat sales index.

Exclusive: After seeing the tweets of laid-off #LAist staffers, we looked into the tax returns of the #NPR-affiliated station. Amazingly, up to last year 2 retired CEOs were still making >$500k per year. w Loree Seitz thewrap.com/laist-layoffs-…

From Kai Ryssdal and David this morning. Big takeaway from Beijing: Yellen is aiming to keep things calm and open, despite reporting framing her remarks as overly critical of China. marketplace.org/2023/07/07/in-…

Economics is the study of collective human behavior - how all of our individual spending preferences/biases/limits or lack there of - affect our decisions on what and how we spend. I get a bit frustrated when some forget that the economy is about people’s lives and livelihoods.

Appreciate this conversation w/ Sabri Ben-Achour abt the role US colleges have played in growing women’s sports globally. We discuss why 151 players (>20%) at the Women’s World Cup played US college soccer & why Spain & England are in the final for the 1st time: marketplace.org/2023/08/18/wom…

Taking the 7 train tonight after work 🥰

The inflation data from PCE--which is what the Fed focuses on--were much better for August than the CPI data. We now have three unambiguously good months in a row for core PCE. Annual rates: 1 month: 1.8% 3 months: 2.2% 6 months: 3.0% 12 months: 3.9%

As a professional economist, I do lots of forecasting. Some forecasts I’m confident in, some not so much. I’m confident that the growth in consumer prices for shelter is headed much lower and that this will push overall inflation back near the Fed’s target by this time next year.

Hip-hop is the most popular genre on streaming but Pop and Rock are still most popular in concert sales. Here are a few reasons why there's such a big difference.

The CPI data was a pleasant surprise. Headline was 0 inflation in October, which happened because volatile gasoline fell 5%. More important, core CPI (excluding food and energy) was 2.8% annualized in October, lower than expected. Not out of woods: still 3%+ over 3/6/12 months.

For Whom The Tide Rolls

Let’s bring the most expensive ACLs on the planet to met life. Brilliant.

My first for Slate! Looking back on the slow divorce between Trump and New York City, now culminating in a $355 million fine that could all but erase his name from the city. slate.com/news-and-polit…

Is the eclipse looking like this for anyone else?